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In its income statement for the year ended December 31, 2025, Carla Vista Inc. reported the following condensed data. Operating expenses $730,000 Interest revenue
In its income statement for the year ended December 31, 2025, Carla Vista Inc. reported the following condensed data. Operating expenses $730,000 Interest revenue $42,000 Cost of goods sold 1,265,000 Loss on disposal of plant assets 25,000 Interest expense 80,000 Sales revenue 2,358,000 Income tax expense 54,000 Sales discounts 144,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses) CARLA VISTA INC. Income Statement
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