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

applicable to income from continuing operations $172,040; income tax applicable to loss on discontinued operations $23,460, and unrealized holding gain on available-for-sale securities (net of tax) $13,800. More information provided in attachment...

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Shares outstanding during 2020 were 100,000.

How do I fix this Income Statement?

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Screen Shot 2020-02-10 at 6.56.26 PM.png

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Gain on sale of equipment
Cash dividends declared
Loss on discontinued operations
69 000
Retained earnings January 1, 2020 1,200.000
Administrative expenses
Cost of goods sold
782 000
Rent revenue
Selling expenses
Loss on write-down of inventory
Sales Revenue
Shares outstanding during 2020 were 100,000.

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