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Whispering Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2020. Expenses for 2020 were cost of goods sold $1,455,200, administrative expenses

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Whispering Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2020. Expenses for 2020 were cost of goods sold $1,455,200, administrative expenses $216,400, selling expenses $288,900, and interest expense $49,100. Whispering's tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 74,310 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31,2020 . (Round earnings per shore to 2 decimal places, e.8. 1.48.)

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