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Posted: **Thu May 19, 2022 12:35 pm**

: View Policies Current Attempt In Progress Presented Below Is Information Related To Novak Corp For The Year 2020 1 66 1 (30.32 KiB) Viewed 64 times

: View Policies Current Attempt In Progress Presented Below Is Information Related To Novak Corp For The Year 2020 1 66 2 (25.49 KiB) Viewed 64 times

: View Policies Current Attempt In Progress Presented Below Is Information Related To Novak Corp For The Year 2020 1 66 3 (22.45 KiB) Viewed 64 times

View Policies Current Attempt in Progress Presented below is information related to Novak Corp. for the year 2020, $1,664.000 $102,400 Net sales Cost of goods sold 998,400 70400 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared 64,000 83,200 Selling expenses Administrative expenses 57.600 61.440 1.254.400 Dividend revenue 25,600 Retained earnings at December 31, 2019 8.960 Effective tax rate of 20% on all items Interest revenue
-120 Prepare a multiple-step income statement for 2020. Assume that 97,280 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, eg, 149) NOVAK CORP. Income Statement
- 20 E