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Brief Exercise 14-07 The following information is available for Oriol Corporation for the year ended December 31, 2020: cost of goods sold $216,000, sales revenue

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Brief Exercise 14-07 The following information is available for Oriol Corporation for the year ended December 31, 2020: cost of goods sold $216,000, sales revenue $444,000, other revenues and gains $48.000, and operating expenses $72,000. Assuming a corporate tax rate of 35%, prepare an income statement for the company ORIOLE CORPORATION Income Statement 2000-2020thn Wiertel. All Rights Reserved. A Division of John Wyos. Inc

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