Intermediate Accounting P4-1

Dickinson Company
Income Statement
For the course of instruction Ended December 31, 2012

gross sales revenue$25,000,000
Less: Cost of Goods Sold 16,000,000
Gross lucre $9,000,000
Operating Expenses
adjoin: Selling expenses and administrative expenes4,700,000

Income from trading operations $4,300,000

former(a) Revenes and Gains
Gain on sale of invetmest 110,000
Add: Interest Revenue70,000
Less: Write off goodwill $(820,000) $(640,000)
Income before income levyation income $3,660,000
Income tax expenses $(1,244,000)

Income from continuing operations
Loss on appetite of Wholesale variant 440,000
Loss on operations of the wholeale division ( net income tax)90,000 $530,000
Less: Income before extraordinary items1,886,000
Loss due to outpouring damage $390,000
Net income $1,496,000


Earnings per share:
Income from continuing operations (2,416,000-80,000/500,000) $4.67
Discontinued operations
Less: Loss on operations, net of tax0.18
Less: Loss on disposal, net of tax0.88 $1.



06
Income before extraordinary item (1,886,000-80,000/500,000) $3.61
Extraordinary loss, net of tax $0.78
Net income (1,496,000-80,000/500,000) $2.83


Dickinson Company
Retained Earnings Statement
For the Year Ended December 31, 2012

Retained earnings beg. balance $980,000
Add: Net income1,496,000
Reainted earnings, year end $2,476,000

Less: Dividends on prefered stock list $80,000
Less: Dividends on universal stock $250,000 $330,000
Net income for common stock $2,146,000If you want to get a full essay, effect it on our website: Orderessay



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