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In its income statement for the year ended December 31, 2022, Oriole Company reported the following condensed data. Salaries and wages expenses $409,200 Loss
In its income statement for the year ended December 31, 2022, Oriole Company reported the following condensed data. Salaries and wages expenses $409,200 Loss on disposal of plant assets $73,480 Cost of goods sold 868,560 Sales revenue 1,944,800 Interest expense 62,480 Income tax expense 22,000 Interest revenue 57,200 Sales discounts 140,800 Depreciation expense 272,800 Utilities expense 96,800 Prepare a multiple-step income statement. (List other revenues before other expenses.) ORIOLE COMPANY Income Statement For the Year Ended December 31, 2022
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