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The following selected accounts from the Skysong, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense $46,000 Interest
The following selected accounts from the Skysong, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense $46,000 Interest revenue $ 24,000 Common stock 241,000 Inventory 58,000 Cost of goods sold 1,076,000 Rent revenue 24,000 Depreciation expense 116,000 Retained earnings 526,000 Dividends 141,000 Salaries and wages expense 666,000 Freight-out 16,000 Sales discounts 7,900 Income tax expense 61,000 Sales returns and allowances 35,000 Insurance expense 15,000 Sales revenue 2,391,000 Interest expense 61,000 Skysong, Inc. Income Statement
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