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Prepare an income statement for franklin kite co

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Question 1: Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.)

Sales

Shares outstanding                                $ 840,000

Cost of goods sold                                   192, 000

Interest expense                                       450, 00

Selling and administrative expense                 27, 000

Depreciation expense                                  48, 000

Preferred stock dividends                              35,000

Taxes                                                        86, 000

                                                                 110,000

Reference no: EM132474189

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