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Single-Step Income Statement Summary operating data for Loma Company during the current year ended April 30, 2016, are as follows: cost of goods sold,
Single-Step Income Statement Summary operating data for Loma Company during the current year ended April 30, 2016, are as follows: cost of goods sold, $414,200; administra expense, $30,000; rent revenue, $101,400; sales, $659,100; and selling expenses, $76,100. Prepare a single-step income statement. Enter account decreases and cash outflows as negative amounts. Loma Company Income Statement For the Year Ended April 30, 2016 Revenues: Total revenues Expenses: Total expenses 0000 00
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