Brief Exercise 4-2 Sarasota Corporation had net sales of $2,422,000 and interest revenue of $37,800 during 2017. Expenses for 2017 were cost of goods sold $1,452,300, administrative expenses $220,000, selling expenses $285,400, and interest expense $48,900. Sarasota's tax rate is 30%. The corporation had 105,800 shares of common stock authorized and 74,010 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.) SARASOTA CORPORATION Income Statement