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  3. bridgeport corporation had net sales of 2408700 and interest revenue...

Question: bridgeport corporation had net sales of 2408700 and interest revenue...

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Bridgeport Corporation had net sales of $2,408,700 and interest revenue of $32,400 during 2017. Expenses for 2017 were cost of goods sold $1,459,800, administrative expenses $215,800, selling expenses | $283,200, and interest expense $46,400. Bridgeports tax rate is 30%. The corporation had 101,300 shares of common stock authorized and 71,490 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Bridgeport Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) BRIDGEPORT CORPORATION Income Statement For the Year Ended December 31, 2017
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