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  1. business
  2. accounting
  3. brisky corporation had net sales of $2,400,000 and

Brisky Corporation had net sales of $2,400,000 and interest revenue of $31.000 during 2020. Expenses...

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Accounting

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Brisky Corporation had net sales of $2,400,000 and interest revenue of $31.000 during 2020. Expenses for 2020 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.$. 148.) BRISKY CORPORATION Income Statement For the Year Ended December 31, 2020 Total Revenues $

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