Question: Identify the errors in the following incomestatement: Curbstone Company Income Statement For the Year Ended August 31, 2014 Revenue from sales: $9,132,000 537,000 Gross sales

Identify the errors in the following incomestatement:

Curbstone Company Income Statement For the Year Ended August 31, 2014 Revenue from sales: $9,132,000 537,000 Gross sales . . $9,669,000 6,110,000 $3,559,000 Expenses: 800,000 575,000 425,000 Administrative expenses ._ . . .. 1,800,000 $1,759,000 Other expense 45,000 $1,714,000

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