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Brief Exercise 4-3 Sarasota Corporation had net sales of $2,415,800 and interest revenue of $32,900 during 2017. Expenses for 2017 were cost of goods sold
Brief Exercise 4-3 Sarasota Corporation had net sales of $2,415,800 and interest revenue of $32,900 during 2017. Expenses for 2017 were cost of goods sold $1,462,600, administrative expenses $217,900, selling expenses $295,800, and interest expense $53,400. Sarasota's tax rate is 30%. The corporation had 105,800 shares of common stock authorized and 72,740 shares issued and outstanding during 2017. Prepare decimal places, e.g. 1.48.) condensed multiple-step income statement for Sarasota Corporation. (Round earnings per share to 2 SARASOTA CORPORATION Income Statement $
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