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In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data. Salaries and wages expenses $902,100 Loss on
In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data.
Salaries and wages expenses | $902,100 | Loss on disposal of plant assets | $ 161,990 | |||
Cost of goods sold | 1,914,780 | Sales revenue | 4,287,400 | |||
Interest expense | 137,740 | Income tax expense | 48,500 | |||
Interest revenue | 126,100 | Sales discounts | 310,400 | |||
Depreciation expenses | 601,400 | Utilities expense |
| 213,400 |
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