Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information.

Sunny Technologies Inc.

Income Statement

For Year Ended December 31, 2020

Revenues:

Sales

$

626,500

Cost of goods sold

482,500

Gross Profit

144,000

Expenses and other:

Other expenses

$

154,500

Depreciation expense

24,900

Total operating expenses

179,400

Operating Profit (Loss)

(35,400

)

Loss on sales of plant assets

20,100

Profit (Loss)

Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information.

Sunny Technologies Inc.
Income Statement
For Year Ended December 31, 2020
Revenues:
Sales				$	626,500
Cost of goods sold					482,500
Gross Profit					144,000
Expenses and other:
Other expenses	$	154,500
Depreciation expense		24,900
Total operating expenses					179,400
Operating Profit (Loss)					(35,400	)
Loss on sales of plant assets					20,100
Profit (Loss)

Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information.

Sunny Technologies Inc.

Income Statement

For Year Ended December 31, 2020

Revenues:

Sales

$

626,500

Cost of goods sold

482,500

Gross Profit

144,000

Expenses and other:

Other expenses

$

154,500

Depreciation expense

24,900

Total operating expenses

179,400

Operating Profit (Loss)

(35,400

)

Loss on sales of plant assets

20,100

Profit (Loss)

Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information.

Sunny Technologies Inc.
Income Statement
For Year Ended December 31, 2020
Revenues:
Sales				$	626,500
Cost of goods sold					482,500
Gross Profit					144,000
Expenses and other:
Other expenses	$	154,500
Depreciation expense		24,900
Total operating expenses					179,400
Operating Profit (Loss)					(35,400	)
Loss on sales of plant assets					20,100
Profit (Loss)