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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 Cost of goods
In its income statement for the year ended December 31, 2022, Oriole Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $511,500 1,085,700 78,100 71,500 341,000 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense Prepare a multiple-step income statement. (List other revenues before other expenses.) ORIOLE COMPANY Income Statement $91,850 2,431,000 27,500 176,000 121,000
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