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Interest revenue $19.500 Retained earnings, end 5,000 Selling expenses 145,000 Prepaid insurance 20.000 Loss on disposal of a business (discontinued), net 28,000 Income from operations

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Interest revenue $19.500 Retained earnings, end 5,000 Selling expenses 145,000 Prepaid insurance 20.000 Loss on disposal of a business (discontinued), net 28,000 Income from operations 140,000 Unearned rent revenue 15,000 Income tax 39,900 Interest expense 13,000 Instructions: Prepare an income statement for 2015 for Ramzi Company (starting with income from operat

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