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 Dibb$$s $2019$ 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 $31915305$b$02$bfe$4\_13$

$-$ Select $-$

$$-$ Select $-$

Components of Income EPS

$$-$ Select $-$

Question Content Area

Assuming a $30\%$ income tax rate on all items of income, prepare Dibb$$s $2019$ 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 b$1$ac$2$f$03505207$d$\_11$

$$-$ Select $-$

Components of Income EPS

$$-$ Select $-$