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how to find net income CALCULATOR CES Exercise...

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Accounting

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CALCULATOR CES Exercise 5-8 In its income statement for the year ended December 31, 2017, Sheridan Company reported the following conden Salaries and wages expenses $627,750 Loss on disposal of plant assets Cost of goods sold Interest expense Interest revenue Depreciation expense 112,725 2,983,500 33,750 216,000 148,500 1,332,450 Sales revenue 95,850 87,750 Income tax expense Sales discounts 418,500 Utilities expense Your answer is partially correct. Try again. Prepare a multiple-step income statement. (List other revenues before other expenses.) SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2017 Sales Sales Revenue 2983500 Less Sales Discounts 216000 Net Sales 2767500 Cost of Goods Sold 1332450 Gross Profit 1435050 Operating Expenses 627750

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