Question

Question 2 View Policies Current Attempt in Progress In its income statement for the year ended December 31, 2019, Sunland Company reported thef Operating expenses Interest revenue $32,380 $768,410 1,338,000 Loss on disposal of plant assets Cost of goods sold Interest expense 72,070 Net sales 18,030 2.422,500 6,550 other comprehensive income

Answer 1

Bramble Company
Income Statement
For the year Ended December 31, 2020
Net sales			$ 2,422,500
Less: Cost of goods sold			$ 1,338,000
gross profit			$ 1,084,500
Operating expenses			$     768,410
Income from operations			$     316,090
Other revenues
Interest revenue		$   32,380
Other (expenses)
Interest expense	$ (72,070)
Loss on disposal of plant assets	$ (18,030)
		$ (90,100)	$     (57,720)
Net income			$     258,370

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