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In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data.<br>Salaries and wages expenses<br>$ 585,900<br>Loss on disposal of plant assets<br>$ 105,210<br>Cost of goods sold<br>1,243,620<br>Sales revenue<br>2,784,600<br>Interest expense<br>89,460<br>Income tax expense<br>31,500<br>Interest revenue<br>81,900<br>Sales discounts<br>201,600<br>Depreciation expense<br>390,600<br>Utilities expense<br>138,600<br>Prepare a multiple-step income statement. (List other revenues before other expenses.)<br>Novak Corp.<br>Income Statement<br>For the Month Ended December 31, 2022 +<br>$<br>%24<br>%24<br>

Extracted text: In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data. Salaries and wages expenses $ 585,900 Loss on disposal of plant assets $ 105,210 Cost of goods sold 1,243,620 Sales revenue 2,784,600 Interest expense 89,460 Income tax expense 31,500 Interest revenue 81,900 Sales discounts 201,600 Depreciation expense 390,600 Utilities expense 138,600 Prepare a multiple-step income statement. (List other revenues before other expenses.) Novak Corp. Income Statement For the Month Ended December 31, 2022 + $ %24 %24

Jun 10, 2022

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