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In its income statement for the year ended December 31, 2019, Sunland Company reported the following condensed data. Operating expenses $ 768,410 Interest revenue $
In its income statement for the year ended December 31, 2019, Sunland Company reported the following condensed data.
Operating expenses | $ 768,410 | Interest revenue | $ 32,380 | |||
---|---|---|---|---|---|---|
Cost of goods sold | 1,338,000 | Loss on disposal of plant assets | 18,030 | |||
Interest expense | 72,070 | Net sales | 2,422,500 | |||
Other comprehensive income | 6,550 |
(b) Prepare a single-step income statement. Sunland Company Income Statement $ > $ $
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