i need Part B solution Part A here solution Computation of net income:Net sales680,400Less: cost of goods sold(327,600)Gross profit352,800Less: administrative expense(126,000)Less: selling expense(100,800)Operational income126,000Discontinued operations (loss before income tax)(50,400)Income before tax75,600Less: income tax (30%)(22,680)Net income52,920 Hence, net income for 2022 is calculated as €52,920. Crane Ltd. has retained earnings of NT$715,900 at January 1, 2022. Net income during 2022 was NT$1643,100, and cash dividendsdeclared and paid during 2022 totaled NT$80,700. Prepare a retained earnings statement for the year ended December 31, 2022. (Listitems that increase retained earnings first.)CRANE LTDRetained Earnings StatementNT$NT$> (b)Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per shareinformation. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, eg. 1.58.)SPLISH SAIncome Statement>>><>>>>

Income statement of the business shows all incomes and all expenses of the business and at the end…

i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920 Hence, net income for 2022 is calculated as €52,920.

i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920 Hence, net income for 2022 is calculated as €52,920.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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bartleby, a Learneo, Inc. business

Net sales	680,400
Less: cost of goods sold	(327,600)
Gross profit	352,800
Less: administrative expense	(126,000)
Less: selling expense	(100,800)
Operational income	126,000
Discontinued operations (loss before income tax)	(50,400)
Income before tax	75,600
Less: income tax (30%)	(22,680)
Net income	52,920