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8) Barkin Corporation's accounting records include the following items, listed in no particular order, for the year ending December 31, 2015:

Other Revenues and (Expenses)Gain on Discontinued Operations              $75,000

Gain on sale of Equipment$12,000Extraordinary Loss15,000

Loss on disposal of Equipment5,000Cost of Goods Sold285,000

Net Sales650,000Operating Expenses120,000

The income tax rate for the company is 45%. Prepare Barkin's income statement for the year ended December 31, 2015. Omit earnings per share.

9) Barkin Corporation's accounting records include the following items, listed in no particular order, for the year ending December 31, 2015:

Other Revenues and (Expenses)Gain on Discontinued Operations              $75,000

Gain on sale of Equipment$12,000Extraordinary Loss15,000

Loss on disposal of Equipment5,000Cost of Goods Sold285,000

Net Sales650,000Operating Expenses120,000

The income tax rate for the company is 45%. The company had 15,000 shares of common stock outstanding during 2015, and no preferred stock. Prepare Barkin's income statement for the year e

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