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Current Attempt in Progress D- Sheridan Corporation had net sales of $2,429,400 and interest revenue of $34,300 during 2017. Expenses for 2017 were cost of
Current Attempt in Progress D- Sheridan Corporation had net sales of $2,429,400 and interest revenue of $34,300 during 2017. Expenses for 2017 were cost of goods sold $1,454,500, administrative expenses $214,500, selling expenses $299,000, and interest expense $48,800. Sheridan's tax rate is 30 %. The corporation had 109,600 shares of common stock authorized and 70,840 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Sheridan Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) SHERIDAN CORPORATION Income Statement
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