Question: Brief Exercise 4-3 Your answer is partially correct. Try again. Ayayai Corporation had net sales of $2,428,100 and interest revenue of $40,500 during 2017. Expenses
Brief Exercise 4-3 Your answer is partially correct. Try again. Ayayai Corporation had net sales of $2,428,100 and interest revenue of $40,500 during 2017. Expenses for 2017 were cost of goods sold $1,459,900, administrative expenses $212,400, selling expenses $281,700, and interest expense $52,300, Ayayai's tax rate is 30%. The corporation had 108,600 shares of common stock authorized and 72,030 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Ayayai Corporation. (Roun earnings per share to 2 decimal places, e.g. 1.48.) AYAYAI CORPORATION Income Statement For the Year Ended December 31, 2017 2428100 40500 Interest Revenue 2387600 1459900 Cost of Goods Sold Administrative Expenses 212400 1672300 Total Expenses 715300
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