Identify the errors in the following income statement: Curbstone Company Income Statement For the Year Ended August

Identify the errors in the following income statement:

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Curbstone Company Income Statement For the Year Ended August 31, 2014 Revenue from sales: $9,132,000 Add: Sales returns and allowances.... $422,000 115,000 537,000 Gross sales $9,669,000 6,110,000 3,559,000 Expenses: Selling expenses Administrative expenses Delivery expense $ 800,000 575,000 25,000 Total expenses 1,800,000 1,759,000 Other expense Interest revenue 45,000 1,714,000 Gross profit....