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Brief Exercise 4-3 Shamrock Corporation had net sales of $2,409,200 and interest revenue of $38,100 during 2017. Expenses for 2017 were cost of goods sold
Brief Exercise 4-3 Shamrock Corporation had net sales of $2,409,200 and interest revenue of $38,100 during 2017. Expenses for 2017 were cost of goods sold $1,464,600, administrative expenses $212,400, selling expenses $284,000, and interest expense $54,400 Shamrock's tax rate is 30%. The corporation had 110,000 shares of common stock authorized and 71,390 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Shamrock Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) SHAMROCK CORPORATION Income Statement or the Year Ended Decen ts Res Question Attempts: 0 of 5 used
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