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Question 5 0.38/1 View Policies Show Attempt History Current Attempt in Progress Sheridan Corporation had net sales of $2,414,200 and interest revenue of $35.800 during

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Question 5 0.38/1 View Policies Show Attempt History Current Attempt in Progress Sheridan Corporation had net sales of $2,414,200 and interest revenue of $35.800 during 2020. Expenses for 2020 were cost of goods sold $1,459,300, administrative expenses $221,600, selling expenses $284,400, and interest expense $54,200. Sheridan's tax rate is 30%. The corporation had 103,500 shares of common stock authorized and 74.490 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Sheridan Corporation. (Round earnings per share to 2 decimal places, eg. 1.48.) SHERIDAN CORPORATION Income Statement $ $ $ $

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