# Value: 20.00 points Prepare an income statement for Franklin Kite Co. Take your calculations all the...

###### Question:

value: 20.00 points Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.) Sales Shares outstanding Cost of goods sold Interest expense Selling and administrative expense Depreciation expense Preferred stock dividends Taxes $1,500,000 123,000 10,000 29,000 47,000 32,000 89,000 110,000 Franklin Kite Company Income Statement 0 0 0 0 Earnings available to common stockholders$ Shares outstanding 0 arnings per share
Franklin Kite Company Income Statement Cost of goods sold Depreciation expense Earnings after taxes Earnings before taxes Interest expense 0 0 0 0 Earnings available to common stockholders$Shares outstanding 0 arnings per share Franklin Kite Company Income Statement Interest expense 0 Preferred stock dividends 0 Taxes 0 0 Earnings available to common stockholders Shares outstanding Earnings per share 0 Franklin Kite Company Income Statement 0 Gross profit 0 Operating profit 0 0 Earnings available to common stockholders$ Shares outstanding 0 arnings per share

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