Exercise 5-6 Presented below is information for Sandhill Co. for the month of January 2017 Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $207,300 Rent expense $34,200 9,300 Sales discounts 14,400 Sales returns and allowances 60,800 Sales revenue 19,600 400,000 5,300 Other comprehensive income (net of $400 tax) 2,000