mega5
Feb 14, 2016, 07:31 PM
Brisky Corporation had net sales of $2,407,800 and interest revenue of $36,200 during 2014. Expenses for 2014 were cost of goods sold $1,467,400; administrative expenses $214,500; selling expenses $294,700; and interest expense $53,500. Brisky’s tax rate is 30%. The corporation had 101,000 shares of common stock authorized and 72,790 shares issued and outstanding during 2014. Prepare a single-step income statement for the year ended December 31, 2014