ivan calderon corp. for the year 2014. net sales $1,382,000 write-off of inventory due to obsolescence $80,200 cost of goods sold 784,900 depreciation expense omitted by accident in 2013 44,000 selling expenses 73,000 casualty loss (extraordinary item) before taxes 56,700 administrative expenses 48,300 cash dividends declared 49,100 dividend revenue 23,100 retained earnings at december 31, 2013 982,500 interest revenue 7,100 effective tax rate of 34% on all items

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Net sales lesscost of goods sold Gross profit operating expense selling expense Admini... View the full answer