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The information below relates to the operations of Oriol Corporation a private company following ASPE for the year ended December 31 2020 338.000 Cost of
The information below relates to the operations of Oriol Corporation a private company following ASPE for the year ended December 31 2020 338.000 Cost of goods sold 2.390 Interest Expense 8.770 Sales returns and allowances Accounts payable 120,218 Sales discounts 3.672 284340 Depreciation expense Sales revenue 982.156 Salaries and wages expense 163,652 Prepaid expenses 3.250 Rent expense 40.300 Loss from fire 8.138 Rental revenue 24.106 Additional information . The effective tax rate is 2096 . Depreciation expense: 50% administrative pense and 50% selling expense Salaries and wages des 305dministration expense and 70% selling expense . Rent expense: 65% administration compare and 35% selling expense Prepare a multiple-step income statement in pood form by function (Enter selling expertes before administrative expenses. Round answers to decimal places, s. 5.275) Orlole Corporation Income Statement $ V Oriol Corporation Income Statement $ S > > > > $ > $ > C A A $
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