Cheyenne Corporation had net sales of $2,422,600 and interest revenue of $34,200 during 2017. Expenses for 2017 were cost of goods sold $1,463,400, administrative expenses $212,200, selling expenses $282,500, and interest expense $48,600. Cheyennes tax rate is 30%. The corporation had 107,200 shares of common stock authorized and 70,540 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Cheyenne Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)

* Question 5 ef oods unenanding curing 20 , 483urng 2017. Prepai E sed muripie step ncome statsemen Cheyenne Corporatlon had net sales of $2,422,600 and Interest revenue of s34,200 during 2017. Expenses for 2017 were cost of goods sold $1,463,400, administratlve expenses s212,200, sellilng expenses s282,500, and Interest expense S48,600. Cheyenne's tax rate ls 30%. The corporation had 107,200 shares of common stock authorized and 70,540 snares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Cheyenne Corporation. (Round earnings per share to 2 declmal places, e.g. 1.48.) ed and 70,540, ces, e.g. d es omo CHEYENNE CORPORATION Income Statement or the Year Ended Decem 422600 Sales 463400 of Goods Sold Cost of Sross Profit (Loss