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In its income statement for the year ended December 31, 2020, Bramble Corp. reported the following condensed data. Operating expenses $ 734,620 Interest revenue $

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

Operating expenses $ 734,620 Interest revenue $ 32,650
Cost of goods sold 1,336,500 Loss on disposal of plant assets 19,160
Interest expense 71,360 Net sales 2,406,400
Other comprehensive income 7,380

(a)

Prepare a multiple-step income statement. (List other revenues before other expenses. If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Bramble Corp. Income Statement choose the accounting period For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020

select an income statement item Net SalesOperating ExpensesIncome from OperationsTotal ExpensesTotal RevenuesCost of Goods SoldOther Revenues and GainsGross ProfitRetained Earnings, December 31, 2020DividendsRetained Earnings, January 1, 2020Net Income / (Loss)ExpensesSales RevenuesOther Expenses and Losses

$enter a dollar amount

enter an income statement item

enter a dollar amount

select a summarizing line for the first part ExpensesGross ProfitTotal RevenuesSales RevenuesIncome from OperationsOther Expenses and LossesTotal ExpensesCost of Goods SoldRetained Earnings, January 1, 2020Net SalesDividendsOperating ExpensesNet Income / (Loss)Retained Earnings, December 31, 2020Other Revenues and Gains

enter a total amount for the first part

enter an income statement item

enter a dollar amount

select a summarizing line for the second part Other Expenses and LossesNet SalesExpensesCost of Goods SoldNet Income / (Loss)Retained Earnings, December 31, 2020Operating ExpensesIncome from OperationsDividendsSales RevenuesTotal ExpensesRetained Earnings, January 1, 2020Gross ProfitTotal RevenuesOther Revenues and Gains

enter a total amount for the second part

select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, January 1, 2020Retained Earnings, December 31, 2020Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesIncome from OperationsOther Revenues and GainsOther Expenses and LossesCost of Goods Sold

enter an income statement item

$enter a dollar amount

select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1, 2020Retained Earnings, December 31, 2020Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesIncome from OperationsOther Revenues and GainsOther Expenses and LossesCost of Goods Sold

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount
enter a subtotal of the two previous amount enter a total amount for all three parts

select a closing name for this statement Income from OperationsRetained Earnings, January 1, 2020Net Income / (Loss)ExpensesOperating ExpensesTotal ExpensesTotal RevenuesRetained Earnings, December 31, 2020Net SalesSales RevenuesGross ProfitOther Revenues and GainsCost of Goods SoldOther Expenses and LossesDividends

$enter a total net income or loss amount

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