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The following selected accounts from the Oriole Corporation's general ledger are presented below for the year ended December 31 , 2025: ORIOLE CORPORATION Income Statement
The following selected accounts from the Oriole Corporation's general ledger are presented below for the year ended December 31 , 2025: ORIOLE CORPORATION Income Statement For the Year Ended December 31, 2025 Sales Sales Revenue $ 2402000 Sales Returns and Allowances $46000 Sales Discounts \begin{tabular}{|r|r|} \hline 8900i \\ \hline \end{tabular} Net Sales Cost of Goods Sold Gross Profit Operating Expenses Advertising Expense \begin{tabular}{|r|r|} \hline 58000 & i \\ \hline \end{tabular} Depreciation Expense \begin{tabular}{|r|r|} \hline 128000 & i \\ \hline \end{tabular} Freight-Out \begin{tabular}{|r|r|} \hline 28000 & i \\ \hline \end{tabular} Insurance Expense \begin{tabular}{|r|r|} \hline 15000 & i \\ \hline \end{tabular} Salaries and Wages Expense 677000i Total Operating Expenses Income From Operations \begin{tabular}{|l|l|} \hline & i \\ \hline \\ \hline \end{tabular} Other Revenues and Gains Interest Revenue 35000 Rent Revenue 59000 Other Expenses and Losses Interest Expense Income Before Income Taxes Income Tax Expense Net Income / (Loss) $
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