Prepare a single-step income statement for the year ended


Company A had net sales of $2,417,100 and interest revenue of $37,500 during 2017. Expenses for 2017 were cost of goods sold $1,452,900, administrative expenses $221,200, selling expenses $282,700, and interest expense $45,100. Company's A tax rate is 30%. The corporation had 105,100 shares of common stock authorized and 72,270 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)

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Accounting Basics: Prepare a single-step income statement for the year ended
Reference No:- TGS02562298

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