Dingel Dorf Company Income Statement For the year ended December 31, 2016 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Other Revenue and Expenses: $950,000 600,000 $350,000 250,000 $100,000 $15,000 3,000 Gain on sale of investments Loss on disposal of equipment Total Other Revenue and Expenses Income Before Income Taxes Income Tax Expense Net Income Additional Information: During the current vear the following transactions occurred A. Equipment that cost $10,000 and was 60% depreciated was sold and cash was received. B. Cash dividends were declared and paid. C.Common Stock was issued in exchange for Land. D. Investments that cost $35,000 were sold. 12,000 $112,000 45,000 $67,000 08/14/2017