Presented below is information related to Sheffield Corp. for the year 2020. Net sales $1,456,000 Write-off of inventory due to obsolescence $89,600
Cost of goods sold 873,600 Depreciation expense omitted by accident in 2019 61,600
Selling expenses 72,800 Casualty loss 56,000
Administrative expenses 53,760 Cash dividends declared 50,400
Dividend revenue 22,400 Retained earnings at December 31, 2019 1,097,600
Interest revenue 7,840 Effective tax rate of 20% on all items

Required:
Prepare a multiple-step income statement for 2020. Assume that 62,370 shares of common stock are outstanding.

Nicholas believes that everyone deserves a second chance, even those who get in trouble with the law. that is why he wants to be a probation officer. which educational path will most likely lead to his success? a. he should enroll in a certification program at a career college and seek a job with someone in the field. b. he should enroll in an associate’s degree program at a vocational school and seek an internship with a bailiff in a courtroom. c. he should enroll in a graduate program at a law school and spend time with a corrections officer at a jail. d. he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.