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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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