Prepare a revised income statement income statement 40% there were 20,000 shares of common stock outstanding throughout the year.
revenues and gains
net sales 425
interest 3
other income 126
total rev. and gains 554
expenses
cogs 270
selling 154
income taxes 52
total expenses 476
net income 78
earnings per share 3.90
How do I prepare this income statement and how to I figure out the income tax, common stock?