(Answered) Question - sweet corporation had net sales of 2429800 and

Accounting

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.

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