Problem 2.6, 2.8, 2.21, 3.22, 3.23, 3.24, 4.24, 4.28, 5.11
2.6 Given the following information prepare in good form an income statement for the Dental Drilling Company
Selling and administrative expense
$60,000
Depreciation expense
70,000
Sales
470,000
Interest expense
40,000
Cost of goods sold
140,000
Taxes
45,00
2.8. Prepare in good form an income statement for ATM Cards, Inc. Take your calculations all the way to computing earnings per share.
Sales
$800,000
Shares outstanding
100,000
Cost of goods sold
300,000
Interest expense
20,000
Selling and administrative expense
40,000
Depreciation expense
30,000
Preferred stock dividends
80,000
Taxes
110,000
see attachment