E4-19

E4-19 Single-step income statement Summary operating data for Loma Company during the current year ended April 30, 2076, are as follows: cost of goods sold, $7.500,000administrative expenses, $750,000, inter est expense, $100,000, rent revenue, $120,000; sales, $13,580,000 and selling expenses, $1,250,000. Prepare a single-step income statement Obj.7 Net income: $4,100,000