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In its income statement for the year ended December 31, 2017, Sheridan Company reported the following condensed data. Loss on disposal of plant Salaries and
In its income statement for the year ended December 31, 2017, Sheridan Company reported the following condensed data. Loss on disposal of plant Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $158,650 4,199,000 47,500 304,000 209,000 $883,500 1,875,300 Sales revenue 134,900 123,500 589,000 Income tax expense Sales discounts Utilities expense Prepare a multiple-step income statement. (List other revenues before other expenses.) SHERIDAN COMPANY Income Statement
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