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Whispering Corporation had net sales of $2417800 and interest revenue of $34900 during 2020. Expenses for 2020 were cost of goods sold $1455200, administrative expenses
Whispering Corporation had net sales of $2417800 and interest revenue of $34900 during 2020. Expenses for 2020 were cost of goods sold $1455200, administrative expenses $216400, selling expenses $288900, and interest expense $49100. Whisperings tax rate is 30%. The corporation had 104200 shares of common stock authorized and 74310 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.)
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