Prepare in good form income statement for virginia slim wear

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Reference no: EM131507253

Prepare in good form an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share.

Sales 600,000

Shares outstanding 100,000

cost of goods sold 200,000

Interest expense 30,000

Selling /Administrative expense 40,000

DEPRECIATION EXPENSE 20,000

Preferred stock dividends 80,000

Taxes

Reference no: EM131507253

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