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In its income statement for the year ended December 31, 2017, Tamarisk, Inc. reported the following condensed data. Operating expenses $ 826,500 Interest revenue $
In its income statement for the year ended December 31, 2017, Tamarisk, Inc. reported the following condensed data.
Operating expenses | $ 826,500 | Interest revenue | $ 37,620 | |||
Cost of goods sold | 1,431,840 | Loss on disposal of plant assets | 19,380 | |||
Interest expense | 79,800 | Net sales | 2,508,000 | |||
Income tax expense | 53,580 | Other comprehensive income (net of $1,370 tax) | 9,460 |
Prepare an income statement. TAMARISK, INC. Income Statement $ Prepare a comprehensive income statement. TAMARISK, INC. Comprehensive Income Statement
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