Reference no: EM132046218

Question - The following information is available for Enos Corporation for the year ended December 31, 2017:

Sales Revenue $800,000;

Other revenues and gains $92,000;

Operating expenses $110,000;

Cost of goods sold $495,000;

Other expenses and losses $32,000;

Preferred stock dividends $30,000.

The company's tax rate was 20%, and it had 50,000 shares outstanding during the entire year.

Instructions -

(a) Prepare a corporate income statement.

(b) Calculate earnings per share.