Question - Sweet Corporation had net sales of $2,429,800 and interest revenue of $40,500 during 2017.
Expenses for 2017 were cost of goods sold $1,452,600, administrative expenses $221,700, selling expenses $289,000, and interest expense $49,900.
Sweet's tax rate is 30%. The corporation had 100,300 shares of common stock authorized and 70,420 shares issued and outstanding during 2017. Prepare Multiple-step income statement for Sweet Corporation.