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Bramble Corporation had net sales revenue of $5,900,000 and investment revenue of $227,000 for the year ended December 31, 2020. Other items pertaining to 2020
Bramble Corporation had net sales revenue of $5,900,000 and investment revenue of $227,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $4,600,000 362,000 121,000 75,000 558,000 Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 312,000 104,000 42,000 458,000 Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense 75,000 35,000 154,000 81,000 Bramble has 100,000 common shares outstanding throughout the year. Prepare a single-step income statement showing expenses by nature. Include calculation of EPS. (Round per share answer to 2 decimal places, eg. 52.72) Bramble Corporation Income Statement $ $ rato Attemnte
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