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Blossom Corporation had net sales of $2423900 and interest revenue of $39100 during 2020. Expenses for 2020 were cost of goods sold $1464800, administrative expenses
Blossom Corporation had net sales of $2423900 and interest revenue of $39100 during 2020. Expenses for 2020 were cost of goods sold $1464800, administrative expenses $218000, selling expenses $283500, and interest expense $54200. Blossom's tax rate is 30%. The corporation had 103100 shares of common stock authorized and 72670 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Blossom Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CORPORATION Income Statement
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