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In its income statement for the year ended December 31, 2025, Oriole Inc. reported the following condensed data. Operating expenses $725,000 Interest revenue $
In its income statement for the year ended December 31, 2025, Oriole Inc. reported the following condensed data. Operating expenses $725,000 Interest revenue $ 38,000 Cost of goods sold 1,261,000 Loss on disposal of plant assets 22,000 Interest expense 76,000 Sales revenue 2,330,000 Income tax expense 50,000 Sales discounts 130,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) ORIOLE INC. Income Statement
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