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In its income statement for the year ended December 31, 2022, Pronghorn Company reported the following condensed data. Operating expenses $734,620 Interest revenue $32,650
In its income statement for the year ended December 31, 2022, Pronghorn Company reported the following condensed data. Operating expenses $734,620 Interest revenue $32,650 Cost of goods sold 1,336,500 Loss on disposal of plant assets 19,160 Interest expense 71,360 Net sales 2,406,400 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations PRONGHORN COMPANY Income Statement For the Year Ended December 31, 2022 Income from Operations Other Expenses and Losses Interest Expense Income from Operations Interest Revenue Interest Expense Net Income/(Loss) $ $71,360 $ Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) PRONGHORN COMPANY Income Statement
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