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Exercise 5-8 (Part Level Submission) in its income statement for the year ended December 31, 2017, Sandhill Co. reported the following condensed data. Salaries and

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Exercise 5-8 (Part Level Submission) in its income statement for the year ended December 31, 2017, Sandhill Co. reported the following condensed data. Salaries and wages expenses $697,500 Loss on disposal of plant assets $125,250 Cost of goods sold Interest expense Interest revenue Depreciation expense 3,315,000 37,500 240,000 165,000 1,480,500 Sales revenue 106,500 Income tax expense 97,500 Sales discounts 465,000 Utiities expense (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) SANDHILL CO SHOW LIST or ACcoUNTS

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