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In its income statement for the year ended December 31, 2025, Ivanhoe Inc. reported the following condensed data. Operating expenses $712,000 Interest revenue $
In its income statement for the year ended December 31, 2025, Ivanhoe Inc. reported the following condensed data. Operating expenses $712,000 Interest revenue $ 26,000 Cost of goods sold Interest expense 1,249,000 64,000 Loss on disposal of plant assets 10,000 Sales revenue 2,345,000 Income tax expense 37,000 Sales discounts 158,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses) IVANHOE INC. Income Statement For the Year Ended December 31, 2025 I
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