Business, 03.03.2020 02:39 youby

Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were:
Cost of goods sold $330,000
Salaries and wages expense 120,000
Income tax expense 25,000
Increase in value of company reputation 15,000
Other operating expenses 10,000
Unrealized gain on value of patents 20,000
Prepare a single-step income statement for Starr for 2014. Starr has 100,000 shares of stock outstanding. (Round earnings per share to 2 decimal places, e. g. 1.48.)

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Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were:
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