(TCO C) Presented below is information related to Bruce Van Company.

1. (TCO C) Presented below is information related to Bruce Van Company. $ 650,0001,400,000240,000290,00033,600780,000520,000on depreciation charge in 2009(pre-tax)120,000100,000InstructionsPrepare in good form a multiple-step income statement for the year 2011. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. Show EPS computations as well.