Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Bridgeport Company reported the following condensed data $29,310 16,790 2,418,500 8,600 $738,330 1,298,100 75,060 Operating expenses Cost of goods sold Interest expense Interest revenue Loss on disposal of plant assets Net sales Other comprehensive loss (a) Your answer is correct Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) BRIDGEPORT COMPANY Income Statement For the Year Ended December 31, 2020 2418500 Net Sales Cost of Goods Sold 1298100 Gross Profit 1120400 738330 Operating Expenses Income from Operations 382070 Other Revenues and Gains 29310 Interest Revenue Other Expenses and Losses 75060 Interest Expense 16790 Loss on Disposal of Plant Assets 91850 62540 319530 Net Income/ (Loss) (b) Your answer is correct. Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).) BRIDGEPORT COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Net Sales 2418500 29310 Interest Revenue Total Revenues 2447810 Expenses 1298100 Cost of Goods Sold 738330 Operating Expenses Interest Expense Loss on Disposal of Plant Assets Total Expenses 75060 16790 2128280 319530 Net Income/(Loss) SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g.(45).) BRIDGEPORT COMPANY Comprehensive Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE SUBMIT ANSWER Attempts: 0 of 3 used SAVE FOR LATER SUEL. SHE