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Prepare a single-step income statement for the year ended

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Question - Brisky Corporation had net sales of $2,428,600 and interest revenue of $33,200 during 2014. Expenses for 2014 were cost of goods sold $1,461,500; administrative expenses $215,800; selling expenses $294,900; and interest expense $47,100. Brisky's tax rate is 30%. The corporation had 109,500 shares of common stock authorized and 74,410 shares issued and outstanding during 2014. Prepare a single-step income statement for the year ended December 31, 2014.

Reference no: EM132048379

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