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Business, 28.02.2021 17:10 yoyoho6218

The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from continuing operations $160,820; income tax applicable to loss on discontinued operations $21,930, and unrealized holding gain on available-for-sale securities (net of tax) $12,900. Gain on sale Of equipment $81,700
Loss on discontinued operations 64,500
Administrative expenses 206,400
Rent revenue 34,400
Loss on write-down of inventory 51,600

Cash dividends declared $129,000
Retained earnings January 1, 2020 840,000
Cost of goods sold 731,000
Selling expenses 258,000
Sales Revenue 1634,000

Shares outstanding during 2020 were 100,000.

Required:
Prepare a single-step income statement (with respect to items in Income from operations)

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The following information was taken from the records of Marigold Inc. for the year 2020: Income tax...
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