Question
In its income statement for the year ended December 31, 2020, Novak Company reported the following condensed data. Operating expenses $731,780 Interest revenue $30,980 Cost
In its income statement for the year ended December 31, 2020, Novak Company reported the following condensed data.
Operating expenses | $731,780 | Interest revenue | $30,980 | |||
---|---|---|---|---|---|---|
Cost of goods sold | 1,303,500 | Loss on disposal of plant assets | 18,110 | |||
Interest expense | 74,730 | Net sales | 2,413,600 | |||
Other comprehensive loss | 8,200 |
a.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).)
b. 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).)
c. Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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