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Bramble Corporation had net sales of $2,428,100 and interest revenue of $40,500 during 2017. Expenses for 2017 were cost of goods sold $1,459,900, administrative expenses
Bramble Corporation had net sales of $2,428,100 and interest revenue of $40,500 during 2017. Expenses for 2017 were cost of goods sold $1,459,900, administrative expenses $212,400, selling expenses $281,700, and interest expense $52,300. Brambles tax rate is 30%. The corporation had 108,600 shares of common stock authorized and 72,030 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Bramble Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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