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Prepare an Income Statement and Compute Earnings Per Share for Wade Furniture Company utilizing Excel (preferred) or Word then upload the document. Wade Furniture Company has the following financial data.
Please complete the following:
1. Prepare an Income Statement
2. Compute Earnings Per Share (See the Lectureto assist you with format)
Sales
$1,500,000
Depreciation Expense
50,000
Cost of Goods Sold
900,000
Interest Expense
20,000
Selling and Administrative Expense
150,000
Taxes
125,000
Preferred Stock Dividends
10,000
Common Shares Outstanding
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