Sage Corporation had net sales of $2,401,600 and interest revenue of $33,300 during 2017. Expenses for 2017 were cost of goods sold $1,469,200, administrative expenses $220,600, selling expenses $288,400, and interest expense $49,600. Sages tax rate is 30%. The corporation had 104,900 shares of common stock authorized and 74,400 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017.

SAGE CORPORATION Income Statement