Income Statement Assignment
The following income statement and information about changes in noncash current assets and current liabilities are reported. $1,828,000 991.000 837.000 SOAD COMPANY The statement Tor Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245, 535 Depreciation expense 40,200 Rent expense 49.600 Mortisation expenses Patent 4,200 unities expense Gain on sale of equipment Net Income 361, 660 475,340
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