Exercise 5-09 a-b (Part Level Submission)

In its income statement for the year ended December 31, 2022, Blue Spruce Corp. reported the following condensed data.

Salaries and wages expenses		$558,000		Loss on disposal of plant assets		$100,200
Cost of goods sold		1,184,400		Sales revenue		2,652,000
Interest expense		85,200		Income tax expense		30,000
Interest revenue		78,000		Sales discounts		192,000
Depreciation expense		372,000		Utilities expense		132,000

(a)

Prepare a multiple-step income statement. (List other revenues before other expenses.)

Blue Spruce Corp. Income Statement choose the accounting period For the Month Ended December 31, 2022For the Year Ended December 31, 2022December 31, 2022
Select an opening section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales
Enter an income statement item		$Enter a dollar amount
Select between addition and deduction Less Add : Select an income statement item		Enter a dollar amount
Select a closing section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			$Enter a subtotal amount for this section
Enter an account title			Enter a dollar amount
Select an account subtotal title DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			Enter a subtotal amount for this section
Select an opening section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales
Enter an account title		Enter a dollar amount
Enter an account title		Enter a dollar amount
Enter an account title		Enter a dollar amount
Select a closing section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			Enter a total amount for this section
Select an account subtotal title DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			Enter a subtotal of the two previous sections
Select an opening section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales
Enter an account title			Enter a dollar amount
Select an opening section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales
Enter an account title		Enter a dollar amount
Enter an account title		Enter a dollar amount
			Enter a total amount for this section
Select an account title DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			Enter a dollar amount
Enter an account title			Enter a dollar amount
Select a closing section name DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Sales RevenuesTotal RevenuesSalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsNet Sales			$Enter a total net income or loss amount