Sweet Corporation had net sales of $2,423,900 and interest revenue of $39,100 during 2017. Expenses for 2017 were cost of goods sold $1,464,800, administrative expenses $218,000, selling expenses $283,500, and interest expense $54,200. Sweet's tax rate is 30%. The corporation had 103,100 shares of common stock authorized and 72,670 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Sweet Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) SWEET CORPORATION Income Statement For the Year Ended December 31, 2017 Net Sales $ 2423900 Cost of Goods Sold 1464800 Gross Prot / (Loss) 9 959100 Administrative Expenses $ 218000 Selling Expenses 283500 501500 Total Expenses 457600 Other Revenues and Gains 9 Interest Revenue 39100 9 Interest Expense 54200 -15100 , Income Before Income Tax 0 Total Expenses 457600 Other Revenues and Gains Interest Revenue 39100 Interest Expense 54200 -15100 Income Before Income Tax Income Tax Expense Net Income / (Loss) Earnings Per Share SHOW LIST OF ACCOUNTS