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Repair and maintenance-machinery Factory supplies used Sales salaries Advertising Depreciation- store equipment Office salaries Depreciation-office equipment Depreciation- machinery Sales returns and allowance Interest income Gain
Repair and maintenance-machinery Factory supplies used Sales salaries Advertising Depreciation- store equipment Office salaries Depreciation-office equipment Depreciation- machinery Sales returns and allowance Interest income Gain on sale of equipment Delivery expense 50,000 110,000 400,000 160,000 70,000 150,000 40,000 60,000 50,000 10,000 100,000 200,000 Accounting and legal fees Office expense 150,000 250,000 Earthquake loss Gain from expropriation of asset Income tax expense 300,000 100,000 320,000 Prepare the income statement with supporting notes
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