solve for parts (b) and (c)
Waygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION (HACK NEXT Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Blue Company reported the following condensed data Operating expenses Cost of goods sold Interest expense $729,040 1,330,000 73,910 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive loss $30,330 16,380 2,405,500 8,800 Your answer is correct. Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number ..-45 or parentheses e.g. (45)-) BLUE COMPANY Income Statement For the Year Ended December 31, 2020 E R T Y U 1 0 P C v B N M All Priso Cin PRINTER VERSION Your answer is correct. (BACK NEXT Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLUE COMPANY Income Statement For the Year Ended December 31, 2020- Net Sales 2405500 Cost of Goods Sold Sold 1330000 Gross Profit 1075500 Operating Expenses -729040 Income from Operations 346460 CALCULATOR PRINTER VERSION BACK NEXT Other Revenues and Gains Interest Revenue 30330 Other Expenses and Losses Interest Expense 73910 Loss on Disposal of Plant Assets 16380 -90290 -59960 286500 Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER CALCULATOR PRINTER VERSION BACK NEXT (b) Prepare a single-step income statement. (Enter negative amounts using either a negative sian preceding the number e.g. -45 or parentheses e.g. (45).) BLUE COMPANY Income Statement Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Blue Company reported the following condensed data. Operating expenses Cost of goods sold Interest expense $729,040 1,330,000 73,910 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive loss $30,330 16,380 2,405,500 8,800 (a) Your answer is correct. Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLUE COMPANY Income Statement For the Year Ended December 31, 2020 CALCULATOR PRINTER VERSION BLUE COMPANY Income Statement For the Year Ended December 31, 2020 Net Sales 2405500 Cost of Goods Sold T -1330000 Gross Profit 1075500 Operating Expenses -729040 346460 Income from Operations Other Revenues and Gains 30330 Interest Revenue other Expenses and Losses Te wie 1) FLUUNNY PHCopies, 15e CALCULATOR PRINTER VERSION BACK NEXT Interest Revenue 30330 Other Expenses and Losses Interest Expense 73910 Loss on Disposal of Plant Assets 16380 -90290 -59960 286500 Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTIONSHOW ANSWER (b) Prepare a single-step income statement. (Enter negative amounts using anthornega number e.g.-45 or parentheses e.g. (45)) BLUE COMPANY Income Statement Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT SUBMIT ANSWER SAVE FOR LATER Attempts: 0 of 3 used BRAM
