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Loss from operating Division C (net of $11,520 tax benefit) The following list of items was extracted from the December 31, 2023, trial balance
Loss from operating Division C (net of $11,520 tax benefit) The following list of items was extracted from the December 31, 2023, trial balance of Future Products Corp. Use the following information. Salaries expense Income tax expense (continuing operations) Debit Credit $ 95,870 117,496 27,900 Sales 5911,790 Total effect on prior years! profit of change from declining balance to straight- line depreciation (net of $13,500 tax) Gain on provincial condemnation of land owned by Future 41,640 103,700 Depreciation expense 71,460 Gain on sale of Division C (net of $23,260 tax) 74,100 477,220 Cost of goods sold Prepare the company's multiple-step income statement for 2023. (Enter all amounts as positive values.) Prepare the company's multiple-step income statement for 2023. (Enter all amounts as positive values.) FUTURE PRODUCTS CORP. Income Statement For Year Ended December 31, 2023 Operating expenses Total operating expenses Other revenues/expenses/ Discontinued operations
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