Question 1 Tamarisk Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2017. Expenses for 2017 were cost of goods sold $1,466,300, administrative expenses $221,700, selling expenses $298,700, and interest expense $45,300. Tamarisks tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 74,370 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. 1.48.)

TAMARISK CORPORATION Income Statement For the Year Ended December 31, 2017