Brief Exercise 4-2 Blossom Corporation had net sales of $2,414,600 and interest revenue of $31,400 during 2017. Expenses for 2017 were cost of goods sold $1,462,800, administrative expenses $219,400, selling expenses $287,800, and interest expense $46,700. Blossom's tax rate is 30%. The corporation had 108,300 shares of common stock authorized and 73,230 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CORPORATION Income Statement