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In its income statement for the year ended December 31,2025, Wildhorse Company reported the following condensed data. Salaries and wages expenses $492,900 Loss on disposal
In its income statement for the year ended December 31,2025, Wildhorse Company reported the following condensed data. Salaries and wages expenses $492,900 Loss on disposal of plant assets $65,000 Cost of goods sold 922,500 Sales revenue 2,210,000 Interest expense 72,420 Income tax expense 21,180 Interest revenue 65,000 Sales discounts 160,000 Depreciation expense 310,000 Utilities expense 110,000 (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) WILDHORSE COMPANY Income Statement
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