Vaughn 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. Vaughns 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 Vaughn Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)

VAUGHN CORPORATION Income Statement