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Business, 09.10.2021 09:10 borsha255

Plano Co. 12/31/2021 Partial Trial Balance Data Debits Credits Sales revenue 592,000 Interest revenue 79,000 Gain on sale of investments 129,000 Cost of goods sold 435,000 Selling expense 131,000 Interest expense 21,000 General and administrative expenses 82,000 Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.)

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Plano Co. 12/31/2021 Partial Trial Balance Data Debits Credits Sales revenue 592,000 Interest revenu...

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