Question: Exercise 4-9 Presented below is information related to Splish Corp. for the year 2017 Net sales Cost of goods sold Selling expenses Administrative expenses Dividend

Exercise 4-9 Presented below is information related to Splish Corp. for the year 2017 Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,385,200 785,900 69,400 51,600 25,900 7,360 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2016 Casualty loss Cash dividends declared Retained earnings at December 31, 2016 Effective tax rate of 34% on all items $82,320 48,800 54,100 41,270 988,070 Prepare a multiple-step income statement for 2017. Assume that 62,480 shares of common stock are outstanding. (Round earnings per share to 2 decimal places, e.g. 1.49.) SPLISH CORP
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