Homework Answers
| Rutherford Company | ||
| Income Statement | ||
| For the year ended December 31 | ||
| Revenues and gains | ||
| Sales revenue | $ 186,400 | |
| Interest income | $ 10,800 | |
| Total revenues | $ 197,200 | |
| Expenses and losses | ||
| Insurance expense | $ 4,300 | |
| Cost of goods sold | $ 81,800 | |
| Loss on disposal of property, plant and equipment | $ 1,200 | |
| Total expenses and losses | $ 87,300 | |
| Net income | $ 109,900 | |
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Brief Exercise 1-26 (Algorithmic) Income Statement An analysis of the transactions of Rutherford Company for the...
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