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The following selected accounts from Oriole Corporation's general ledger are for the year ended December 31, 2025. Accounts receivable $266,000 Accumulated depreciation-equipment 758,500 Advertising expense
The following selected accounts from Oriole Corporation's general ledger are for the year ended December 31, 2025. Accounts receivable $266,000 Accumulated depreciation-equipment 758,500 Advertising expense 55,400 Common stock 240,000 Cost of goods sold 1,176,000 Depreciation expense 132,500 Dividends 154,000 Equipment 1,430,000 Freight-out 24,200 Income tax expense 70,000 Insurance expense 23,100 Interest expense 61,300 Interest revenue 33,500 Inventory 99,500 Prepaid expenses 31,700) Rent revenue 25.900 Retained earnings 533,000 Salaries and wages expense 708,000 Sales revenue 2,588,000 Unearned sales revenue 18,500 ORIOLE CORPORATION Income Statement
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