The ledger of Cullumber Corporation at November 30, 2021, contains the following summary data: Cash dividends-common $61

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The Ledger Of Cullumber Corporation At November 30 2021 Contains The Following Summary Data Cash Dividends Common 61 1 (25.4 KiB) Viewed 17 times

The Ledger Of Cullumber Corporation At November 30 2021 Contains The Following Summary Data Cash Dividends Common 61 2 (25.54 KiB) Viewed 17 times

The Ledger Of Cullumber Corporation At November 30 2021 Contains The Following Summary Data Cash Dividends Common 61 3 (49.87 KiB) Viewed 17 times

The Ledger Of Cullumber Corporation At November 30 2021 Contains The Following Summary Data Cash Dividends Common 61 4 (26.12 KiB) Viewed 17 times

The ledger of Cullumber Corporation at November 30, 2021, contains the following summary data: Cash dividends-common $61,000 Operating expenses Cash dividends-preferred Common shares Cost of goods sold Depreciation expense Sales 25,000 316,000 7.200.000 342.000 9,012.000 Other comprehensive income-loss on equity investments (before income tax) Rent revenue Preferred shares ($5 noncumulative) Retained earnings, December 1, 2020 Your analysis reveals the following additional information: $1,102,000 72,000 40.000 382.000 733.000
1. 2. 3. Part 1 The company has a 25% income tax rate. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $15,400 before income tax. The division was sold at a loss of $71.000 before income tax There were 200,000 common and 5,000 preferred shares issued on December 1, 2020, with no changes during the year. - Your answer is partially correct. Prepare a multiple-step income statement for the year.
Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Other Revenues < CULLUMBER CORPORATION Income Statement Year Ended November 30, 2021 $ LA
Part 2 Your answer is partially correct. Prepare a statement of comprehensive income as a separate statement. Beginning Balance. November 30 Comprehensive Income CULLUMBER CORPORATION Statement of Comprehensive Income Year Ended November 30.2021 Loss on Equity Investments (Net) ||