Problem 1 BE4.3 on page 4-29 Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses for 2020 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000 and interest expenses $45,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 share issues and outstanding during 2020 (hint: use 70,000 shares outstanding to calculate EPS). Prepare a condensed multiple-step income statement for Brisky Corporation for the year ended December 31, 2020. Problem 2 BE4.4 on page 4-29 Finley Corporation had income from continuing operations of $10,600,000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2020 (assuming that the disposal of the restaurant division meets the criteria for recognition as a discontinued operations). Finley had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Finley beginning with income from continuing operations