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In its income statement for the year ended December 31, 2019, Cheyenne Corp. reported the following condensed data. Operating expenses $ 753,390 Interest revenue $
In its income statement for the year ended December 31, 2019, Cheyenne Corp. reported the following condensed data.
Operating expenses | $ 753,390 | Interest revenue | $ 30,920 | |||
---|---|---|---|---|---|---|
Cost of goods sold | 1,293,700 | Loss on disposal of plant assets | 16,420 | |||
Interest expense | 72,600 | Net sales | 2,404,800 | |||
Other comprehensive income | 6,970 |
Prepare a multiple-step income statement. (List other revenues before other expenses.) Cheyenne Corp. Income Statement Prepare a single-step income statement Cheyenne Corp. Income Statement $
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