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Brisky Corporation had net sales of $ 2 , 4 0 0 , 0 0 0 and interest revenue of $ 3 1 , 0

Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2022. Expenses for 2022 were cost of goods sold $1,450,000; administrative expenses $212,000; selling expenses $280,000; and interest expense $45,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2022.
REQUIRED: Prepare a single-step income statement for the year ended December 31,2022.
REQUIRED: Using the same information provided above, prepare a multiple-step income statement for Brisky Corporation.

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