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Brisky Corporation had net sales of $2,423,300 and interest revenue of $36,500 during 2014. Expenses for 2014 were cost of goods sold $1,467,800; administrative expenses
Brisky Corporation had net sales of $2,423,300 and interest revenue of $36,500 during 2014. Expenses for 2014 were cost of goods sold $1,467,800; administrative expenses $217,100; selling expenses $288,100; and interest expense $50,600. Briskys tax rate is 30%. The corporation had 107,900 shares of common stock authorized and 70,260 shares issued and outstanding during 2014. Prepare a condensed multiple-step income statement for Brisky Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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