Question 1 Coronado Corporation had net sales of $2,418,100 and interest revenue of $35,500 during 2020. Expenses for 2020 were cost of goods sold 51,464,000, administrative expenses $218,900, selling expenses $300,000, and interest expense $45,500. Coronado's tax rate is 30%. The corporation had 105,300 shares of common stock authorized and 71,830 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.) conOSIADO CONDONATION CORONADO CORPORATION Income Statement For the Year Ended December 31, 2020 Revenues sales $ 2418100 Interest Revenue 35500 Total Revenues 2453600 Expenses Cost of Goods Sold 1464000 Administrative Expense 218900 Selling Expenses 300000 Interest Expense 456001 Total Expenses LIU Net Income / (Loss) Net Income (Loss