The following selected accounts from the Novak Corps accounting records are presented below for the year ended December 31, 2017: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 51,700 235,000 1,019,900 117,500 141,000 23,500 65,800 14,100 65,800 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 28,200 62,980 22,560 502,900 634,500 7.990 38,540 2,256,000 P NOVAK CORP. Income Statement For the Year Ended December 31, 2017 $ $ A >