Presented below is information related to Opra Company for 2019.
Please show all calculation step by step. Answer must be correct.
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Extracted text: 1) Presented below is information related to Opra Company for 2019. $ 120,400 55,500 12,700 44,400 85,000 5,800,000 51,000 1,175,100 85,500 15,000 95,000 284,000 Beginning retained earnings Sales discounts Interest expense Sales commission expenses Sales returns and allowances Sales revenue Dividend revenue Cost of goods sold Loss on sale of plant assets Unrealized gain on held-to-maturity investments Loss on the disposition of retail division Salaries and wages expense Unearned sales revenue 115,000 Freight-Out Telephone and Internet expense Utilities expense 45,000 19,000 40,000 Insurance expense Advertising expense Loss due to Hailstorm 18,000 85,000 70,000 Depreciation expense Write-off-of Goodwill 58,000 Dividends declared and paid on Common Stock Dividends declared and paid on Preferred Stock 125,000 50,000 40,000 During 2019, there were 200,000 shares of common stock outstanding all year. (Assume a tax rate of 30% on all items, unless indicated otherwise.) Instructions Prepare a multiple-step income statement. Opra Company decided to discontinue its entire retail operations and to retain its wholesale operations. On July, Opra sold the retail operations to Ramp Corp. Compute earnings per share as it should be shown on the face of the income statement.