ISOTES BOSS Ora v ers Sandhill Corporation had net sales of $2,420,900 and interest revenue of $31,600 during 2017. Expenses for 2017 were cost of goods sold $1,454,400, administrative expenses $214,800, selling expenses $297,900, and interest expense $53,100. Sandhill's tax rate is 30%. The corporation had 103,400 shares of common stock authorized and 71,560 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) SANDHILL CORPORATION Income Statement