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Question 2 of 5 View Policies < Current Attempt in Progress > -15 E Sheridan Corporation had net sales of $2.418,800 and interest revenue
Question 2 of 5 View Policies < Current Attempt in Progress > -15 E Sheridan Corporation had net sales of $2.418,800 and interest revenue of $32.500 during 2020. Expenses for 2020 were cost of goods sold $1,468,200, administrative expenses $218,400, selling expenses $283,300, and interest expense $51,000. Sheridan's tax rate is 30%. The corporation had 101,000 shares of common stock authorized and 73,220 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, eg 148) SHERIDAN CORPORATION Income Statement
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