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  3. coronado corporation had net sales of $2,418,100 a

Coronado Corporation had net sales of $2,418,100 and interest revenue of $35,500 during 2020. Expenses...

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Accounting

Coronado Corporation had net sales of $2,418,100 and interest revenue of $35,500 during 2020. Expenses for 2020 were cost of goods sold $1,464,000, administrative expenses $218,900, selling expenses $300,000, and interest expense $45,600. Coronados tax rate is 30%. The corporation had 105,300 shares of common stock authorized and 71,830 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.g. 1.48.)

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