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Prepare a corporate income statement

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Reference no: EM132606946

The following information is available for Ivanhoe Corporation for the year ended December 31, 2020: sales revenue $770,000, other revenues and gains $91,500, operating expenses $109,000, cost of goods sold $470,000, other expenses and losses $34,000, and preferred stock dividends $31,850. The company's tax rate was 30%, and it had 49,000 shares outstanding during the entire year.

Question 1: Prepare a corporate income statement

Question 2: Calculate earnings per share

Reference no: EM132606946

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