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Wildhorse Corporation had net sales of $ 2,427,100 and interest revenue of $ 31,500 during 2020. Expenses for 2020 were cost of goods sold $
Wildhorse Corporation had net sales of $ 2,427,100 and interest revenue of $ 31,500 during 2020. Expenses for 2020 were cost of goods sold $ 1,467,100, administrative expenses $ 216,600, selling expenses $ 290,200, and interest expense $ 50,200. Wildhorses tax rate is 30%. The corporation had 107,600 shares of common stock authorized and 74,270 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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