Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2014

Question 1 Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2014. Expenses for 2014 were cost of goods sold
$1,450,000; administrative expenses $212,000; selling expenses $280,000; and interest expense $45,000. Brisky’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2014. Prepare a single-step
income statement for the year ended December 31, 2014. (Round earnings per share to 2 decimal places, e.g. 1.48.) BRISKY CORPORATION Income Statement For the Year Ended December 31, 2014


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