Comprehensive Problems for Part Four 1. Univex is a calendar year, accrual basis retail business. Its financial statements provide the following information for the year: Revenues from sales of goods $783.200 Cost of goods sold (FIFO) (417,500) Gross profit $365,700 Interest income from certificates of deposit 1,300 Dividend income from IBM stock 6,720 Gain from sale of IBM stock purchased in 2000 8.615 Bad debt expense 3,900 Administrative salaries and wages 153,400