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12. Pederson, Inc. has the following data for the year ended December 31, 2017: Net sales ........... Loss from discontinued operations .... Cost of goods
12. Pederson, Inc. has the following data for the year ended December 31, 2017: Net sales ........... Loss from discontinued operations .... Cost of goods sold.... Interest expense..... Selling, general, and administrative expenses.. $987,000 24,000 240,000 11,000 325,000 Assume Pederson's tax rate was 20% on all items. Also assume Pederson had 42,000 shares of common stock outstanding throughout the year. Prepare an income statement in good form for the year 2017. Round your EPS figure to the nearest penny
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