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You may use the attached spreadsheet to help you complete this activity, but you are not required to do so . You will find the

You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet by clicking on the green Excel icon in the upper left hand corner of the activity.
The following are selected items derived from Dibb Company's adjusted trial balance on December 31,2019:
Loss on sale of land $5,000
Cost of goods sold 130,000
Sales (net)198,000
Operating expenses 45,000
Twelve thousand shares of common stock were outstanding the entire year.
Required:
Question Content Area
Assuming a 30% income tax rate on all items of income, prepare Dibbs 2019 income statement using a multiple-step format. Round earnings per share computations to two decimal places.
DIBB COMPANY
Income Statement (Multiple-Step)
For Year Ended December 31,2019
$- Select -
- Select -
$- Select -
- Select -
$- Select -
Other items
- Select -
Income before income tax $fill in the blank 31915305b02bfe4_13
- Select -
$- Select -
Components of Income EPS
$- Select -
Question Content Area
Assuming a 30% income tax rate on all items of income, prepare Dibbs 2019 income statement using a single-step format. Round earnings per share computations to two decimal places.
DIBB COMPANY
Income Statement (Single-Step)
For Year Ended December 31,2019
Revenues
$- Select -
Expenses
$- Select -
- Select -
- Select -
- Select -
Total expenses fill in the blank b1ac2f03505207d_11
$- Select -
Components of Income EPS
$- Select -

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