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During 2017, Zennon Inc. had: Net Sales $5,120,000 Interest Revenue $69,000 Cost of goods sold $3,170,000 Interest expense $26,000 Cheyennes tax rate is 40% The

During 2017, Zennon Inc. had:

Net Sales $5,120,000

Interest Revenue $69,000

Cost of goods sold $3,170,000

Interest expense $26,000

Cheyennes tax rate is 40%

The corporation had shares outstanding 54,000

Prepare a single-step income statement for the year ended December 31, 2017.

How much is income tax expense?

How much is EPS?

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