1. Whispering Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2020. Expenses for 2020 were cost of goods sold $1,455,200

Whispering Corporation had net sales of $2,417,800 and interest revenue of $34,900 during 2020. Expenses for 2020 were cost of goods sold $1,455,200, administrative expenses $216,400, selling expenses $288,900, and interest expense $49,100Whispering’s tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 74,310 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.)

 

WHISPERING CORPORATION
Income Statement
choose the accounting period
select an opening name for section one
enter an income statement item
$enter a dollar amount 
enter an income statement item
enter a dollar amount
select a closing name for section one
enter a total amount for section one
select an opening name for section two
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section two
enter a total amount for section two
select a closing name for this statement
$enter a total net income or loss amount 
select an income statement item
$enter a dollar amount rounded to 2 decimal places 

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