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The following is the trial balance of Novak Corporation at December 31, 2025. NOVAK CORPORATION TRIAL BALANCE DECEMBER 31, 2025 A physical count of inventory
The following is the trial balance of Novak Corporation at December 31, 2025. NOVAK CORPORATION TRIAL BALANCE DECEMBER 31, 2025 A physical count of inventory on December 31 resulted in an inventory amount of $204,800; thus, cost of goods sold for 2025 is $2,064,000. For the Year Ended December 31, 2025 Revenues Net Sales $3417600 Gain on Disposal of Land 96000 Rent Revenue Total Revenues $ Expenses Selling Expenses Administrative Expenses Supplies Expenses Total Expenses Income before Income Tax Income Tax Expense Net Income / (Loss) Earnings Per Share $82.24 The following is the trial balance of Novak Corporation at December 31, 2025. NOVAK CORPORATION TRIAL BALANCE DECEMBER 31, 2025 A physical count of inventory on December 31 resulted in an inventory amount of $204,800; thus, cost of goods sold for 2025 is $2,064,000. For the Year Ended December 31, 2025 Revenues Net Sales $3417600 Gain on Disposal of Land 96000 Rent Revenue Total Revenues $ Expenses Selling Expenses Administrative Expenses Supplies Expenses Total Expenses Income before Income Tax Income Tax Expense Net Income / (Loss) Earnings Per Share $82.24
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