In its income statement for the year ended December 31, 2020, Flounder Company reported the...
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Accounting
In its income statement for the year ended December 31, 2020, Flounder Company reported the following condensed data.
Operating expenses $759,720 Interest revenue $29,970 Cost of goods sold 1,334,200 Loss on disposal of plant assets 15,910 Interest expense 71,270 Net sales 2,416,300 Other comprehensive loss 8,700.
Prepare a single-step income statement.
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