An inexperienced accountant prepared this condensed income statement for Wildhorse Company, a retail firm that has been in business for a number of years. Wildhorse Company Income Statement For the Year Ended December 31, 2025 Revenues Net sales Other revenues Cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses $1,037,000 26,840 1,063,840 677,100 386,740 132,980 125,660

An inexperienced accountant prepared this condensed income statement for Wildhorse Company, a retail firm that has been in business for a number of years. An inexperienced accountant prepared this condensed income statement for Wildhorse Company, a retail firm that has been in business for a number of years