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Walmart data


Walmart data below, prepare, in good form, a Multiple Step Income Statement for year ending December 31, 2012. Data: Cost of Goods Sold Depreciation Expense Extraordinary loss Income from operating discontinued clothing line Insurance Expense Interest Expense Loss from Effects of Strike Loss on disposal of discontinued clothing line Rent Expense Salaries Expense Sale of Equipment Sales 335,127,000 10,265,000 50,000 100,000 10,000,000 2,322,000 62,000 167,000 15,000,000 50,000,000 224,000 446,950,000 The company has a tax rate of 30%. The company did not pay any preferred dividends The company is NOT in the business of selling equipment. The company has 3,500,000 shares of common stock outstanding.


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