Batavia Furniture Company for the year ended Information related to Batavia Furniture Company for the year ended December 31, 2010, follows. Cost of Goods Sold $ 70,000 Dividends Declared 5,000 Flood Loss (pre-tax) 12,000 General Expense 8,000 Other Income 9,000 Other Expense 11,000 Retained Earnings, January 1, 2010 116,000 Sales 131,000 Selling Expense 7,000 Required: Prepare in good form a multiple-step income statement for the year 2010. Assume a 50% tax rate and that 5,000 shares of common stock were outstanding during the year. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help
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