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In its income statement for the year ended December 31, 2025, Cullumber Inc. reported the following condensed data. Operating expenses $713,000 Interest revenue $25,000
In its income statement for the year ended December 31, 2025, Cullumber Inc. reported the following condensed data. Operating expenses $713,000 Interest revenue $25,000 Cost of goods sold Interest expense 1,248,000 Loss on disposal of plant assets 9,000 62,000 Sales revenue 2,336,000 Income tax expense 36,000 Sales discounts 155,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) CULLUMBER INC. Income Statement $ $ $
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