Question $12$ of $46$

$\frac{-}{2\mathrm{.}17}$

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Whispering Winds Corporation had net sales of $$4,480,000$ and interest revenue of $$75,000$ during $2017.$ Expenses for $2017$ were cost of goods sold $$3,100,000$; selling expenses $$430,000$; administrative expenses $$540,000$; and interest expense $$26,000.$ Whispering Winds's tax rate is $40\%.$ The corporation had $500,000$ shares of common stock authorized and $50,000$ shares issued and outstanding during $2017.$ Prepare a single$-$step income statement for the year ended December $31,2017.($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.)$