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Novak Corporation had net sales of $2,415,800 and interest revenue of $32,900 during 2025. Expenses for 2025 were cost of goo sold $1,462,600, administrative
Novak Corporation had net sales of $2,415,800 and interest revenue of $32,900 during 2025. Expenses for 2025 were cost of goo sold $1,462,600, administrative expenses $217,900, selling expenses $295,800, and interest expense $53,400. Novak's tax rate is 30%. The corporation had 105,800 shares of common stock authorized and 58,660 shares issued and outstanding during 2025. Prepare a condensed multiple-step income statement for Novak Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48 NOVAK CORPORATION Income Statement $ $
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