The following information is available for Oriole Corporation for the year ended December 31, 2020:...
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Accounting
The following information is available for Oriole Corporation for the year ended December 31, 2020: sales revenue $815,000, other revenues and gains $94,000, operating expenses $117,000, cost of goods sold $460,000, other expenses and losses $34,500, and preferred stock dividends $34,125. The companys tax rate was 35%, and it had 65,000 shares outstanding during the entire year. Prepare a corporate income statement. (List other revenues before other expenses.)
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