Additional information:PPE purchases during 20X5 were $735,000Issuance of mortgage payable during 20X5 $226,000The company follows ASPE.All prepaid expenses at the beginning of the year expired d Bernie's Ltd. Income Statement For the Year ended December 31, 20x5 Income : Sales Dividends Interest Gain on sale of PPE (Property Plant \\& Equipment) Total income Expenses : Cost of goods sold Depr 2 answers