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W What is total revenues and gains if you prepare from the following information one step income statement? Sales 1 500 000 Losses 900 Utilities

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What is total revenues and gains if you prepare from the following information one step income statement?

Sales 1 500 000

Losses 900

Utilities 1500

Depreciation 5000

Bad Debt Provision?

Interest revenue 3500

Interest expense 1000

Salaries 123 000

Cost of Goods sold 122 000

Rent expense 6500

Gains?

Additional information:

a) Company has issued invoices for a total of 150 000 euro to its customers in a given month, and has a historical experience of 3% bad debts on its billings.

b) Company sells one of its track for 10,000 euro because it is not an organization that deals in the buying and selling of vehicles, the sale of the track is outside of its primary activities. Company sells one of its delivery tracks for 10,000 euro. Over the years, the cost of the track was being depreciated on the company's accounting records (5,000) euro.

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