Vaughn Corporation had net sales of $2,410,700 and interest revenue of $40,600 during 2020. Expenses for 2020 were cost of goods sold $1,458,400, administrative expenses $219,700, selling expenses $285,300, and interest expense $49,100. Vaughn's tax rate is 30%. The corporation had 109,000 shares of common stock authorized and 73,880 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) VAUGHN CORPORATION Income Statement +A $ A