The Pensacola Awning Co. reports the following for 2002:

Prepare a single-step income statement (including earnings-per-share data) and a statement of retained earnings for Pensacola.

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Retained earnings, January 1 Selling expenses... Sales revenue.. Interest expense General and administrative expenses. Cost of goods sold. Dividends declared this year Tax rate for all items..... Average shares of common stock outstanding during the year $ 444,500 288,720 1,380,000 13,390 236,400 765,000 45,000 40% 25,000