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COA Corp had net sales of $2,420,000and interest revenue of $40,900during 2017. Expenses for 2017 were cost of goods sold $1,453,900, administrative expenses $221,800, selling
COA Corp had net sales of $2,420,000and interest revenue of $40,900during 2017. Expenses for 2017 were cost of goods sold $1,453,900, administrative expenses $221,800, selling expenses $296,100, and interest expense $51,900. COA Corp's tax rate is30%. The corporation had105,200shares of common stock authorized and74,850shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for COA Corporation.(Round earnings per share to 2 decimal places, e.g. 1.48.)
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