Please do not give solution in image format thanku Net salesCost of Goods SoldGross Profit/(Loss)For the Year Ended December 31, 2022><<<€€850000640,000210000 Presented below is an income statement for Kinder Company for the year ended December 31, 2022.Net salesCosts and expenses:Cost of goods soldSelling, general, and administrative expensesOther, netIncome before income taxesIncome taxesNet incomeAdditional information:1.2.Kinder CompanyIncome StatementFor the Year Ended December 31, 20223.Net sales€ 640,00070,00020,000Cost of Goods Sold"Selling, general, and administrative expenses" included a charge of £7,000 for impairment of intangibles."Other, net" consisted of interest expense, £5,000, and a discontinued operations loss of £15,000 before taxes. If the losshad not occurred, income taxes for 2022 would have been £40,500 instead of €36,000.Kinder had 20,000 ordinary shares outstanding during 2022.Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places,e.g. $1.48. Enter negative amounts using either a negative sign preceding the number e.g. -45.00 or parentheses e.g. (45.00).)£850,000Kinder CompanyIncome StatementFor the Year Ended December 31, 2022730,000120,00036,000€84,000€850000640,000

In income statement it shows the company's revenues, expenses and profit/loss at a given time…

Answered: repare a corrected income statement,…

Business

Accounting

repare a corrected income statement, including the appropriate per share disclosures. (R JAL

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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