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Sunland Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2025. Expenses for 2025 were cost of good sold $1,465,500, administrative
Sunland Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2025. Expenses for 2025 were cost of good sold $1,465,500, administrative expenses $220,600, selling expenses $289,300, and interest expense $47,900. Sunland's tax rate is 30%. The corporation had 103,100 shares of common stock authorized and 62,188 shares issued and outstanding during 2025. Prepare a condensed multiple-step income statement for Sunland Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) SUNLAND CORPORATION Income Statement $ $ $
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