Sunland Companys income statement contained the following condensed information. SUNLAND COMPANY Income Statement For the...
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Sunland Companys income statement contained the following condensed information. SUNLAND COMPANY Income Statement For the Year Ended December 31, 2022 Service revenue $969,700 Operating expenses, excluding depreciation $624,400 Depreciation expense 54,800 Loss on disposal of plant assets 25,900 705,100 Income before income taxes 264,600 Income tax expense 39,000 Net income $225,600 Sunlands balance sheets contained the comparative data at December 31, shown below. 2022 2021 Accounts receivable $74,600
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