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Novak Co. had sales revenue of $552,600 in 2020. Other items recorded during the year were: $330,000 129,600 28.750 Cost of goods sold Salaries and

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Novak Co. had sales revenue of $552,600 in 2020. Other items recorded during the year were: $330,000 129,600 28.750 Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents 16,070 11,330 21.380 Prepare a single-step income statement for Novak for 2020. Novak has 109,800 shares of stock outstanding (Round earnings per Share to 2 decimal places, eg. 1.18.) NOVAK CO. Income Statement A A

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