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In its income statement for the year ended December 31, 2022, Marin Inc. reported the following condensed data. Operating expenses $ 609,000 Interest revenue
In its income statement for the year ended December 31, 2022, Marin Inc. reported the following condensed data. Operating expenses $ 609,000 Interest revenue $ 27,720 Cost of goods sold 1,055,040 Loss on disposal of plant assets 14,280 Interest expense 58,800 Net sales 1,848,000 Income tax expense 39,480 Other comprehensive income (net of $1,008 tax) 6,972 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parenthese.g. (45).)
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