In its income statement for the year ended December 31, 2020, Sheffield Company reported the following condensed data.

Operating expenses		$768,510		Interest revenue		$28,430
Cost of goods sold		1,296,900		Loss on disposal of plant assets		16,140
Interest expense		71,980		Net sales		2,407,700
				Other comprehensive loss		9,000

Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Sheffield Company reported the following condensed data. Operating expenses Cost of goods sold Interest expense $768,510 1,296,900 71,980 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive loss $28,430 16,140 2,407,700 9,000 SHEFFIELD COMPANY Income Statement