Prepare revised income statement income statement

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Reference no: EM13906698

Prepare a revised income statement income statement 40% there were 20,000 shares of common stock outstanding throughout the year.

revenues and gains

net sales 425

interest 3

other income 126

total rev. and gains 554

expenses

cogs 270

selling 154

income taxes 52

total expenses 476

net income 78

earnings per share 3.90

How do I prepare this income statement and how to I figure out the income tax, common stock?

Reference no: EM13906698

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