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Use the following information for questions 17 through 20: For ABC Boating Supplies Company, the following information is available: Sales $671,500 Cost of goods sold
Use the following information for questions 17 through 20: For ABC Boating Supplies Company, the following information is available: Sales $671,500 Cost of goods sold 550.000 Wages and salaries expense 40,000 Rent expense 35,000 Electricity expense 24,000 Advertising expense 9,000 Interest revenue 4,500 Interest expense 6,000 Income tax expense 3,000 17. In ABC's single-step income statement, "total revenues should be reported at $3,600 $677,500 $676,000 $671,500
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