Hello, I have been trying to prepare a multiple step income statement I hope that you can help me I'm in need of some serious help. I can't seem to get the figures right.

Required: Prepare a multiple-step income statement with earnings per share disclosure.

Plano Co. 12/31/2006
Partial Trail Balance Data
Debits Credits

Sales revenue 700,000
Interest revenue 60,000
Gain on sale of land (infrequent but not unusual item) 110,000
Cost of goods sold 500,000
Salaries and wages 150,000
Depreciation expense 40,000
Interest expense 30,000
Marketing and administrative expenses 60,000
Plano had 50,000 shares of stock outstanding throughout the year. Its effective tax rate is 30%.

Hello, I have been trying to prepare a multiple step income statement I hope that you can help me I'm in need of some serious help. I can't seem to get the figures right.

Required: Prepare a multiple-step income statement with earnings per share disclosure.

Plano Co. 12/31/2006
Partial Trail Balance Data
Debits Credits

Sales revenue 700,000
Interest revenue 60,000
Gain on sale of land (infrequent but not unusual item) 110,000
Cost of goods sold 500,000
Salaries and wages 150,000
Depreciation expense 40,000
Interest expense 30,000
Marketing and administrative expenses 60,000
Plano had 50,000 shares of stock outstanding throughout the year. Its effective tax rate is 30%

Hello, I have been trying to prepare a multiple step income statement I hope that you can help me I'm in need of some serious help. I can't seem to get the figures right.

Required: Prepare a multiple-step income statement with earnings per share disclosure.

Plano Co. 12/31/2006
Partial Trail Balance Data
Debits Credits

Sales revenue 700,000
Interest revenue 60,000
Gain on sale of land (infrequent but not unusual item) 110,000
Cost of goods sold 500,000
Salaries and wages 150,000
Depreciation expense 40,000
Interest expense 30,000
Marketing and administrative expenses 60,000
Plano had 50,000 shares of stock outstanding throughout the year. Its effective tax rate is 30%