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In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data. Salaries and wages expenses$399,900Loss on disposal of

In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data.

Salaries and wages expenses$399,900Loss on disposal of plant assets$71,810Cost of goods sold848,820Sales revenue1,900,600Interest expense59,640Income tax expense21,500Interest revenue55,900Sales discounts137,600Depreciation expense266,600Utilities expense

94,600

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