Question:
Brisky Corporation had net sales of $2,410,400 and interest revenue of $36,000 during 2014. Expenses for 2014 were cost of goods sold $1,455,100; administrative expenses $215,500; selling expenses $293,200; and interest expense $45,500. BriskyAc€?cs tax rate is 30%. The corporation had 100,600 shares of common stock authorized and 71,900 shares issued and outstanding during 2014. Prepare a condensed multiple-step income statement for Brisky Corporation.