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Oriole Corporation had net sales of $2,414,600 and interest revenue of $31,400 during 2020. Expenses for 2020 were cost of goods sold $1,462,800, administrative
Oriole Corporation had net sales of $2,414,600 and interest revenue of $31,400 during 2020. Expenses for 2020 were cost of goods sold $1,462,800, administrative expenses $219,400, selling expenses $287,800, and interest expense $46,700. Oriole's tax rate is 30%. The corporation had 108,300 shares of common stock authorized and 73,230 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, e.g. 1.48) ORIOLE CORPORATION Income Statement > > $ $
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