Prepare an income statement for franklin kite co

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Problem 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 $1,400,000

Shares outstanding 185,000

Cost of goods sold 550,000

Interest expense 22,000

Selling and administrative expense 45,000

Depreciation expense 34,000

Preferred stock dividends 89,000

Taxes 113,000

Reference no: EM133007245

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