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Tamarisk Corporation had net sales of $2,422,100 and interest revenue of $40,200 during 2025. Expenses for 2025 were cost of goods sold $1,453,500, administrative expenses
Tamarisk Corporation had net sales of $2,422,100 and interest revenue of $40,200 during 2025. Expenses for 2025 were cost of goods sold $1,453,500, administrative expenses $220,100, selling expenses $291,900, and interest expense $53,400. Tamarisk's tax rate is 30%. The corporation had 100,200 shares of common stock authorized and 88,680 shares issued and outstanding during 2025. Prepare a condensed multiple-step income statement for Tamarisk Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) TAMARISK CORPORATION Income Statement For the Year Ended December 31, 2025
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