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  3. the following income statement and additional year

The following income statement and additional year-end information is provided. \table[[\table[[SONAD COMPANY],[Income Statement],[For...

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Accounting

The following income statement and additional year-end information is provided.
\table[[\table[[SONAD COMPANY],[Income Statement],[For Year Ended December 31]],,],[Sales,$1,570,000,],[Cost of goods sold,769,300,],[Gross profit,$215,090,],[Operating expenses,37,680,],[Salaries expense,42,390,],[Depreciation expense,4,710,],[Rent expense,17,270,317,140],[Amortization expenses-Patents,,483,560],[Utilities expense,6,280,],[,,$489,840
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