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Company A had net sales of $2,417,100and interest revenue of $37,500during 2017. Expenses for 2017 were cost of goods sold $1,452,900, administrative expenses $221,200, selling
Company A had net sales of $2,417,100and interest revenue of $37,500during 2017. Expenses for 2017 were cost of goods sold $1,452,900, administrative expenses $221,200, selling expenses $282,700, and interest expense $45,100. Company's A tax rate is30%. The corporation had105,100shares of common stock authorized and72,270shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017.(Round earnings per share to 2 decimal places, e.g. 1.48.)
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