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BE4.2 (LO2) Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2019. Expenses for 2019 were cost of goods sold
BE4.2 (LO2) Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2019. Expenses for 2019 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate is 30%. The company had 100,000 shares authorized and 70,000 shares issued and outstanding during 2019. Prepare an income statement for the year ended December 31, 2019.
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