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Need help with the 4 blank answers In its income statement for the year ended December 31, 2017, Sanchill Coreported the following condensad date Salaries
Need help with the 4 blank answers
In its income statement for the year ended December 31, 2017, Sanchill Coreported the following condensad date Salaries and wages expenses $475,000 Loss on disposal of plant assets Cost of goods sold 919.000 Sales revenue Interest expense 60.000 Income tax expense Interest revenue 72.400 Sales discounts Depreciation expense 320,000 Utilities expense $84.000 2.210,000 25,000 170,000 100,000 Your answer is partially correct. Prepare a multiple-step income statement (List other revenues before other expenses. SANDHILLCO. Income Statement For the Year Ended December 21, 2017 Sales Sales Revenue 221000g Lea V Sales Discount 170000 1 2040000 Cost of Good Sold 918000 Cross Pront 1122000 Opening Expenses Salaris and Wages Expo 473000 Degeed on Express 320000 La Expres 1 Total Operating Expenses 895000 1 Income From Operatione 227000 Other Revenues and Cairs Brera ve 72400 Other Experts and Louse Interest Expense 68000 1 Leason Disposal of Plant Aasta 34000 1 Income Before Income Tax Income Tax Expand Netcom /(L) Textbook and Media List of Accounts * Your answer is incorrect Calculate the profit margin and gross profit rats. Round answers to decimal places eg. 15%.) Profit margin 56 Gross proftrate 56Step by Step Solution
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