https//edugen.wileyplus.com/edugen/student/mainfr.un US Weygandt, Financial Acco

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https//edugen.wileyplus.com/edugen/student/mainfr.un US Weygandt, Financial Accounting, 10e tn its income statement for the year ended December 31, 2019,wildhorse Co reported the folowing condensed data Operating expendes 768,510 Interest revenue Cost of goods sold 1,26,900 Los on dspesal of plant assets 28,430 16,340 1,980Net sales Other comprehensive income s., preen hrparenutole, otro-cont statement. (Lat other revenues before other expensn re ahere es a net loss then enter the amount ang eller·agative Ask OB

Explanation / Answer

1)

WILDHORSE CO.

INCOME STATEMENT

FOR THE PERIOD ENDED DECEMBER 31 2019

WILDHORSE CO.

INCOME STATEMENT

FOR THE PERIOD ENDED DECEMBER 31 2019

WILDHORSE CO.

statement of comprehensive income

FOR THE PERIOD ENDED DECEMBER 31 2019

WILDHORSE CO.

INCOME STATEMENT

FOR THE PERIOD ENDED DECEMBER 31 2019

sales 2407700 less:cost of goods sold (1296900) Gross margin 1110800 less:operating expense (768510) Income from operations 342290 other revenue /(expense) Interest revenue 28430 Interest expense (71980) loss on sale of plant asset (16140) (59690) Net income 282600

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