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Required information Problem 17-6AA Income statement computations and format LO A2 [The following information applies to the questions displayed belowj Selected account balances from the

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Required information Problem 17-6AA Income statement computations and format LO A2 [The following information applies to the questions displayed belowj Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31, 2017, follow Credit $ 15,500 Debit a. Interest revenue b. Depreciation expense-Equipment. c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit P Income taxes expense q. Cost of goods sold $ 35,500 27,350 45,500 107,900 73,100 45,500 177,500 19,750 30,620 1,013,500 53,500 17,500 25,250 497,500 41,500

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