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The following accounts are from ICM Energy's general ledger. All data are shown before tax. Sales revenue Interest revenue.. Interest expense. Gain on sale of
The following accounts are from ICM Energy's general ledger. All data are shown before tax. Sales revenue Interest revenue.. Interest expense. Gain on sale of vehicle. $303,000 14,000 4,200 16,000 Cost of goods sold Loss on discontinued operations... Operating expenses... $199,000 6,000 40,000 Required. Prepare a single-step income statement for the year ended December 31, 2020. Omit earnings per share. The income tax rate is 18% Revenues and gains Total revenues and gains Expenses and losses Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Total expenses and losses Income from continuing operations Discontinued operations Net income Choose from any list or enter any number in the input fields and then click Check
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