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Prepare the December 31 year-end income statement. Note: Loss amounts should be indicated with a minus sign. Net sales Expenses: Cost of goods sold Depreciation
Prepare the December 31 year-end income statement. Note: Loss amounts should be indicated with a minus sign. Net sales Expenses: Cost of goods sold Depreciation expense Total operating expenses RANDA MERCHANDISING, INCORPORATED Income Statement For Year Ended December 31 Other unusual and/or infrequent gains (losses) Gain on state's condemnation of company property Discontinued segment: Loss from operating wholesale business segment (net of tax) Net income $ 2,092,000 328,000 (628,000) < Pr
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