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Swifty Corporation had net sales of $2,407,400 and interest revenue of $40,400 during 2020. Expenses for 2020 were cost of goods sold $1,458,700, administrative expenses
Swifty Corporation had net sales of $2,407,400 and interest revenue of $40,400 during 2020. Expenses for 2020 were cost of goods sold $1,458,700, administrative expenses $218,400, selling expenses $281,400, and interest expense $48,000. Swifty's tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 72,630 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Swifty Corporation. (Round earnings per share to 2 decimal places, eg. 1.48.) SWIFTY CORPORATION Income Statement For the Year Ended December 31, 2020 $ D $ Swifty Corporation had net sales of $2,407,400 and interest revenue of $40,400 during 2020. Expenses for 2020 were cost of goods sold $1,458,700, administrative expenses $218,400, selling expenses $281,400, and interest expense $48,000. Swifty's tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 72,630 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Swifty Corporation. (Round earnings per share to 2 decimal places, eg. 1.48.) SWIFTY CORPORATION Income Statement For the Year Ended December 31, 2020 $ D $
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