Question: Advertising expense$ 3 1 4 , 0 0 0 $ 2 7 7 , 0 0 0 Cost of goods sold 1 , 7 7

Advertising expense$314,000$277,000Cost of goods sold1,772,4001,466,400General and administrative expenses113,000105,000Income tax expense80,000102,000Interest revenue4,7006,000Rent expense34,00029,100Sales revenue3.165,0002,820,000Utilities expense90.00068,600Wages expense504,000389.000 multi step statement of income

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