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Please, prepare 1 STEP INCOME statement from the following information for 2015 year. Casualty loss from vandalism 300 Interest expense 1 900 Administrative expenses 38
Please, prepare 1 STEP INCOME statement from the following information for 2015 year.
Casualty loss from vandalism 300
Interest expense 1 900
Administrative expenses 38 000
Gain on sale of equipment ?
Selling expenses 75 000
Cost of goods sold 315 000
Interest revenue 2 000
Sales 455 000
Additional information:
a) Company sells old equipment for 10 000 euro. Over the years, the cost of the equipment was depreciated on the company's accounting records (9500) euro.)
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