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Splish Corporation had net sales of $2,413,100 and interest revenue of $33,400 during 2020. Expenses...

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Accounting

Splish Corporation had net sales of $2,413,100 and interest revenue of $33,400 during 2020. Expenses for 2020 were cost of goods sold $1,467,000, administrative expenses $220,000, selling expenses $292,200, and interest expense $53,900. Splishs tax rate is 30%. The corporation had 109,200 shares of common stock authorized and 71,090 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Splish Corporation.

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