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The following information is available for Larkspur, Inc. for the year 2017. Administrative expense Officers' salaries $ 11,700 Depreciation of office furniture and equipment 8,050

The following information is available for Larkspur, Inc. for the year 2017.

Administrative expense
Officers' salaries $ 11,700
Depreciation of office furniture and equipment 8,050
Cost of goods sold 121,480
Rent revenue 2,400
Selling expense
Delivery expense 4,600
Sales commissions 16,920
Depreciation of sales equipment 13,500
Sales revenue 209,000
Income tax 12,560
Interest expense 3,240

Common shares outstanding for 2017 total 23,000 (000 omitted).image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Prepare an income statement for Larkspur Inc. for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.) LARKSPUR COMPANY Income Statement For the Year Ended December 31, 2017 (In thousands, except earnings per share) Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Operating Expenses v Selling Expenses Delivery Expense $ Sales Commission Total Selling Expenses Prepare an income statement for Larkspur Inc. for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.) LARKSPUR COMPANY Income Statement For the Year Ended December 31, 2017 (In thousands, except earnings per share) $ Total Administrative Expenses Income From Operations - Income Tax Expense II II cute

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