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Brisky Corporation had net sales of $2,412,900 and interest revenue of $34,700 during 2014. Expenses for 2014 were cost of goods sold $1,469,000; administrative expenses
Brisky Corporation had net sales of $2,412,900 and interest revenue of $34,700 during 2014. Expenses for 2014 were cost of goods sold $1,469,000; administrative expenses $219,400; selling expenses $283,600; and interest expense $53,900. Brisky's tax rate is 30%. The corporation had 103,200 shares of common stock authorized and 72,680 shares issued and outstanding during 2014. Prepare a condensed multiple-step income statement for Brisky Corporation
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