The following is the trial balance of Thompson Corporation at December 31, 2020. THOMPSON CORPORATION TRIAL BALANCE DECE

[answerhappygod]

The following is the trial balanceof Thompson Corporation at December 31, 2020.
THOMPSON CORPORATIONTRIAL BALANCEDECEMBER 31, 2020
Debits
Credits
$10,000
$189,700
105,000
18,000
160,000
18,000
1,100,000
110,000
49,000
28,000
14,500
17,500
70,000
232,000
99,000
300,000
53,900
45,000
5,000
14,000
20,000
70,000
140,000
100,000
30,000
19,600
89,000
98,000
610,000
$1,907,600
$1,907,600
A physical count of inventory on December 31 resulted in aninventory amount of $64,000; thus, cost of goods sold for 2020 is$645,000.
(a1)
Partially correct answer icon
Your answer is partially correct.
Prepare a single-step income statement. 30,000 sharesof common stock were outstanding the entireyear. (Round earnings per share to 2 decimalplaces, e.g. 1.48.)
THOMPSON CORPORATIONIncome Statement December31, 2020For the Year Ended December 31, 2020For the Quarter EndedDecember 31, 2020
DividendsEarnings Per ShareIncome Before Income TaxNet Income/ (Loss)Net SalesRetained Earnings, January 1Retained Earnings,December 31RevenuesTotal ExpensesTotal Revenues
$
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31RevenuesTotal ExpensesTotal Revenues
$
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31Total ExpensesTotal Revenues
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31RevenuesTotal ExpensesTotal Revenues
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31RevenuesTotal ExpensesTotal Revenues
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31RevenuesTotal ExpensesTotal Revenues
$
DividendsEarnings Per ShareExpensesIncome Before IncomeTaxNet Income / (Loss)Net SalesRetained Earnings, January 1RetainedEarnings, December 31RevenuesTotal ExpensesTotal Revenues
$
eTextbook and Media
List of Accounts
(a2)
The parts of this question must be completed in order. This partwill be available when you complete the part above.