Oriole Corporation |
Income Statement |
For the Year Ended December 31, 2020 |
Sales Revenue | $12,09,000 | |
Cost of Goods Sold | -$7,05,000 | |
Gross Profit / (Loss) | $5,04,000 | |
Operating Expenses | ||
Selling Expenses | $1,25,200 | |
Administrative Expenses | $1,70,800 | |
Total Operating Expense | -$2,96,000 | |
Operating Income | $2,08,000 | |
Other Revenue and Expense | ||
Dividend revenue | $7,100 | |
interest Expenses | -$18,700 | -$11,600 |
Income Before Income Taxes | $1,96,400 | |
Income Taxes | -$58,920 | |
Income from Continuing Operation | $1,37,480 | |
Discontinued Operations loss, Net of applicable taxes of $22,200 | -$51,800 | |
Net Income / (Loss) | $85,680 |
Per Share of Common Stock | |
Income from Continuing operation $1,37,480/50,000 | $2.75 |
Discontinued Operations loss, net of tax ($51,800)/50000 | -$1.04 |
Net Income | $1.71 |
Oriole Corporation |
Retained Earnings Statement |
For the Year Ended December 31, 2020 |
Retained Earnings , January 1 , 2020 | $2,55,780 | |
Add : Net income | $85,680 | |
Less: Dividends | -$24,400 | $61,280 |
Retained Earnings , January 31 , 2020 | $3,17,060 |
Corporation INCOME STATEMENT For the Year Ended December 31, 2020 Sales Revenue Cost of Goods Sold...
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