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Brief Exercise 4-3 Brisky Corporation had net sales of $2,423,900 and interest revenue of $32,100 during 2014. Expenses for 2014 were cost of goods sold
Brief Exercise 4-3 Brisky Corporation had net sales of $2,423,900 and interest revenue of $32,100 during 2014. Expenses for 2014 were cost of goods sold $1,465,500; administrative expenses $215,700; selling expenses $281,700; and interest expense $50,700. Briskys tax rate is 30%. The corporation had 109,300 shares of common stock authorized and 70,200 shares issued and outstanding during 2014. Prepare a condensed multiple-step income statement for Brisky Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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