Sales Discount 40000 Rent Income 180000 Interest Income 263 Cost of Goods Sold 1117000 Office Salaries Expense 516000 Store Salaries Expense 774000 Utilities Expense - Office 240000 Utilities Expense - Store 290000 Depreciation Expense - Building 80000 Depreciation Expense - Office Furniture and Equipment 27000 Depreciation Expense - Store Furniture and Equipment 20000 Office Supplies Expense 6000 Stores Supplies Expense 14000 Freight - out 22000 Insurance Expenses 15000 Doubtful Account Expenses 3000 Taxes and Licenses Expense 400000 Miscellaneous Distribution Cost 2300 Miscellaneous Administrative Expenses 17000 Income Summary 10124263.01 10124263.01

For each period that an income statement is presented, what must a company disclose about its EPS?

Following are selected balance sheet accounts of Sheffield Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Selected balance sheet accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation-plant assets Liabilities and stockholders' equity. Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings Depreciation Gain on sale of equipment Net income Additional information: 1. 2. 3. (a) (b) (c) (d) 2020 $34,000 Proceeds from the sale of equipment. Cash dividends paid. 278,500 (176,300 ) (168,400) 2020 Redemption of bonds payable. $49,000 8,000 22,100 9,100 104,600 Selected income statement information for the year ended December 31, 2020: Sales revenue $154,400 38,100 2019 14,700 $24,100 30,900 249,400 2019 $45,900 5,100 18,900 3,000…

Byrd Company had the following transactions during 2019 and 2020:              1. Prepare the journal entries for Byrd for both 2019 and 2020. Assume that the net price method is used to account for the credit terms.                          2. Show how the preceding items would be reported in the current liabilities section of Byrd’s December 31, 2019, balance sheet.                                        3. Next Level Assuming Byrd’s current assets were $1,200,000 and its current ratio was 2.4 at the end of 2018, compute the current ratio at the end of 2019 (based solely on the effects of the preceding transactions).