Reference no: EM131704889

Question - Splish Corporation had net sales of $2,407,700 and interest revenue of $40,700 during 2017. Expenses for 2017 were cost of goods sold $1,462,900, administrative expenses $220,600, selling expenses $299,400, and interest expense $54,000. Splish's tax rate is 30%. The corporation had 105,200 shares of common stock authorized and 74,260 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)