Question: CALCULATOR FULL SOREEN PRINTER VERSION BACK Brief Exercise 4-3 Blossom Corporation had net sales of s2,427,000 and interest revenue of $31,500 during 2017. Expenses for
CALCULATOR FULL SOREEN PRINTER VERSION BACK Brief Exercise 4-3 Blossom Corporation had net sales of s2,427,000 and interest revenue of $31,500 during 2017. Expenses for 2017 were cost of goods sold $1,461,400, administrative expenses $212,500, selling expenses $296,600, and interest expense sso,800. Blossoms tax rate is 30%. The corporation had 104,800 shares of common stock authorized and 73,590 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Blossom Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CORPORATION
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