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  3. monty corporation had net sales of $2,417,800 and

Monty Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2017. Expenses...

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Accounting

Monty Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2017. Expenses for 2017 were cost of goods sold $1,455,200, administrative expenses $216,400, selling expenses $288,900, and interest expense $49,100. Montys tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 74,310 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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ment MONTY CORPORATION Income Statement o search List Of Accounts Brief Exercise 4-2 Accumulated Depreciation- Equipment Administrative Expenses Bad Debt Expense Casualty loss Cost of Goods Sold Delivery Expense Depreciation Expense Entertainment Expense Equipment Gain on Sale of Plant Income Tax Expense Interest Expense Interest Revenue Loss from Earthquake Damage Maintenance and Repairs Expense Miscellaneous Selling Expenses Mortgage Payable Net Sales Office Expense Other Administrative Expenses Property Tax Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Sales Commission Sales Discounts Sales Returns and Allowances Sales Revenue Selling Expenses Telephone and Internet Expense Travel Expense

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