Question

Question 27 Not yet answered 6 7 Marked out of 23.00 12 13 14 Flag question 19 20 21 Presented below is information related to Victor Company at December 31, 2019, the end of its first year of operations. In addition to the information presented below, assume 200,000 shares of stock were outstanding during 2019. Also assume a tax rate of 30% on all items Administrative expenses $ 52,500 Gain on sale of investments S 25,000 Casualty loss $ 10,000 Interest expense $ 33,750 Cost of Goods Sold S 900,000 Interest revenue $ 15,000 Cumulative decrease in icome from Loss from operations of discontinued change in inventory methods $ 18,000 component of a business (before tax) S 180,000 Depreciation expense omitted in 2015 S 78,750 Net Sales $ 1,462,500 Dividend revenue $ 22,500 Selling expenses $ 71,250 Dividends declared S 90,000 Income tax expense S 56,250 Gain from disposal of component of Write-off of goodwill due to business (before tax) $ 225.000 impairment $ 133.500 Requirements. Prepare a partial multiple-step income statement ending with income from operations for the year 2019 in appropriate formal, including all headings, subheadings totals, and subtotals within the partial income statement 26 27 28 55 1 + i. - BIX. < HI

can anyone help me to ans 27 26 25 . plz and thank you very much ！！！

if it is unclear for you to view plz right click the mouse and view it in a new tab, then it shows clean images. thank you and plz someone to answer these for me.

Answer 1

As Student Uploaded More Than One Question I'm Obliged To Do Only Question Number One In That Case Question One Is Question 27. If Student Wants The Answer Of Other Questions Then Please Upload It Again. Thank You
Income Stevement 1462 500 Net sales (-) cost of goods sold (900000) 562500 operating Expenses, Administrative Experises Selling Expenses 52500 71250 (123750) 438750 In Lom for operations 225oo Other Revenue and gains: Dividend Revenue Gain on sale of investment Interes Revenue 2 soos IS 62500 501250 1910 Other Expenses and lesses: Casesualty less Decrease in income from change in inventory Method Interest Expensel good will Impairment (dass) 1800s 33750 133500 (195250) 3.0 6000 (56250) 249 750 Income befort tax Less, Income tax expense Income from Continuing operation (+) Gain from Disposal of Business after tax ( 225000 - 30% of 225000) (-) Los from operations of Discontinued component after fax (180000 - 180005X 30%) Net Income ( 157500 (126003)315004 281250

Per share Net Income @ deration Cler Share) 1.24875 Income ( from continuing [ 249750 200ooo Dis continued operations net of tax 10.630 [ 12 bono 2002 Net Income (Per Share ) 0.61875