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Brisky Corporation had net sales of $ 2,400,000 and interest revenue of $ 31,000 during 2020. Expenses for 2020 were cost of goods sold $

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Brisky Corporation had net sales of $ 2,400,000 and interest revenue of $ 31,000 during 2020. Expenses for 2020 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 2020. Prepare a condensed multiple step income statement for Brisky Corporation. (Round earnings per share to 2 decimal places, eg. 1.48.) BRISKY CORPORATION Income Statement For the Year Ended December 31, 2020 Net Sales 2,400,000 Cost of Goods Sold 1.450,000 Gross Proh/(Loss) 950,000 Administrative Expenses

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