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Debits Credits Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Loss on projected benefit obligation160,000 Cost of goods sold
Debits Credits Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Loss on projected benefit obligation160,000 Cost of goods sold Selling expense Goodwill impairment loss Interest expense 8,200,000 60,000 120,000 140,000 6,100,000 600,000 500,000 30,000 General and administrative expense 500,000 What is the gross profit? 2,100,000 O 2,000,000 1,200,000 1,600,000 What is operating income? 1,000,000 1,500,000 500,000 1,100,000 What is the total other income? 180,000 30,000 180,000 150,000 What is net income? 487,500 650.000 162,000 300,000 What is comprehensive income? 592,500 472,500 367,500 O 450,000
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