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Coronado Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2017. Expenses for 2017 were cost of goods sold $1,455,300, administrative expenses
Coronado Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2017. Expenses for 2017 were cost of goods sold $1,455,300, administrative expenses $212,700, selling expenses $294,600, and interest expense $53,200. Coronados tax rate is 30%. The corporation had 107,700 shares of common stock authorized and 73,230 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Coronado Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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