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Coronado Corporation had net sales of $2,409,000 and interest revenue of $35,100 during 2025 . Expenses for 2025 were cost of goods sold $1,452,700, administrative
Coronado Corporation had net sales of $2,409,000 and interest revenue of $35,100 during 2025 . Expenses for 2025 were cost of goods sold $1,452,700, administrative expenses $215,700, selling expenses $287,700, and interest expense $49,800. Coronado's tax rate is 30%. The corporation had 102,700 shares of common stock authorized and 61,348 shares issued and outstanding during 2025. Prepare a condensed multiple-step income statement for Coronado Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO CORPORATION Income Statement For the Year Ended December 31, 2025 Netsales Cost of Goods sold Gross Profit Selling Expenses A.dmintstrative Expenses Income from Operations Other Revenues and Gains Interest Expense Income before Income Tax Income Tax Expense Net Income / (Loss) Earnings per Share 49800
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