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3 In its income statement for the year ended December 31, 2025, Sheridan Company reported the following condensed data. Salaries and wages expenses $427,800

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3 In its income statement for the year ended December 31, 2025, Sheridan Company reported the following condensed data. Salaries and wages expenses $427,800 Loss on disposal of plant assets $59,800 Cost of goods sold 1,084,720 Sales revenue 2,233,200 Interest expense 65,320 Income tax expense 21,300 Interest revenue 59,800 Sales discounts 147,200 Depreciation expense 285,200 Utilities expense 101,200 (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2025 Sales

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