Chapter 5, Problem 19E

Interim Reporting (Appendix 5.1) Miller Company prepares quarterly and year-to-date interim reports. The following is its interim income statement for the quarter ended March 31, 2019:

On June 30, 2019, Miller’s accountant completed a worksheet in preparation for developing the year-to-date interim income statement. The following are the accounts and amounts listed on the income statement debit and credit columns of this worksheet:

Required:

Assuming 20,000 shares of common stock have been outstanding for the entire 6 months, prepare Miller’s:

1. 1. Year-to-date interim income statement for the first 6 months of 2019.
2. 2. Interim income statement for the second quarter of 2019.