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Bramble Corporation had net sales of $2,427,000 and interest revenue of $31,500 during 2020. Expenses for 2020 were cost of goods sold $1,461,400, administrative expenses
Bramble Corporation had net sales of $2,427,000 and interest revenue of $31,500 during 2020. Expenses for 2020 were cost of goods sold $1,461,400, administrative expenses $212,500, selling expenses $296,600, and interest expense $50,800. Bramble's tax rate is 30%. The corporation had 104,800 shares of common stock authorized and 73,590 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Bramble Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) BRAMBLE CORPORATION Income Statement $ $ $ 8 S
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