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Nash Corporation had net sales of $2,416,400 and interest revenue of $33,800 during 2020. Expenses for 2020 were cost of goods sold $1,458,000, administrative
Nash Corporation had net sales of $2,416,400 and interest revenue of $33,800 during 2020. Expenses for 2020 were cost of goods sold $1,458,000, administrative expenses $215,200, selling expenses $291,000, and interest expense $52,500. Nash's tax rate is 30%. The corporation had 103,000 shares of common stock authorized and 73,570 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, eg 1.48.) NASH CORPORATION Income Statement For the Year Ended December 31, 2020 Revenues Net Sales Cost of Goods Sold
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