he income statement and a schedule reconciling cash flows from or Mike Roe Computers. MIKE ROE COMPUTERS Income Statement For the Year Ended December 31, 2018 Sales Cost of goods sold $149.80 (89.90) 59.90 Gross margin Salaries expense Insurance expense Depreciation expense Interest expense Gains and losses: $19.80 11.80 4.90 5.90 (42.40) Gain on sale of equipment Loss on sale of land 11.80 (2.80) 26.50 (13. 25) $ 13.25 Income before tax Income tax expense Net income Reconciliation of Net Income to Net Cash Flows from Operating Activities Prev31 of 31 EE o search