Operating loss (2,584,796) Interest expense 63,428...
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Accounting
| Operating loss | (2,584,796) | |
| Interest expense | 63,428 | |
| Other (income) expense | ||
| Net loss |
Above is a partial income statement. Use the following accounts to determine other (income) expense, then calculate net loss.
| DEBIT | CREDIT | |
| Interest Earned | 67.15 | |
| Other Income | 2,951.20 | |
| Deferred Financing Costs | 9,223.67 | |
| Depreciation | 23,622.18 | |
| Interest Expense | 63,428.20 | |
| Non-cash interest | 8,533.00 |
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