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Blossom Corporation had net sales of $2,414,200and interest revenue of $35,800during 2017. Expenses for 2017 were cost of goods sold $1,459,300, administrative expenses $221,600, selling
Blossom Corporation had net sales of $2,414,200and interest revenue of $35,800during 2017. Expenses for 2017 were cost of goods sold $1,459,300, administrative expenses $221,600, selling expenses $284,400, and interest expense $54,200. Blossoms tax rate is30%. The corporation had103,500shares of common stock authorized and74,490shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Blossom Corporation.(Round earnings per share to 2 decimal places, e.g. 1.48.)
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