Question

The following is a partial trial balance for the Green StarCorporation as of December 31, 2013:

Sales revenue 2,050,000 (credit)

Interest revenue 48,000 (credit)

Gain on sale of investments 68,000 (credit)

Cost of goods sold 870,000 (debit) Selling expense 250,000(debit)

General and administrative expenses 93,000 (debit)

Interest expense 58,000 (debit)

Income tax expense 148,000 (debit)

150,000 shares of common stock were outstanding throughout2013

Prepare a multiple-step income statement for 2013, including EPSdisclosures

 

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