Question: 4 Single-Step Income Statement Summary operating data for Loma Company during the current year ended April 30, 2016, are as follows: cost of goods sold,

4 Single-Step Income Statement Summary operating data for Loma Company during the 4

Single-Step Income Statement Summary operating data for Loma Company during the current year ended April 30, 2016, are as follows: cost of goods sold, $494,300; administrative expenses, $61,400; interest expense, $37,000; rent revenue, $122,800; sales, $798,200; and selling expenses, $92,100. Prepare a single-step income statement. Loma Company Income Statement For the Year Ended April 30, 2016 Revenues: Total revenues Expenses: Total expenses

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