Question: Exercise 5-8 (Part Level Submission) In its income statement for the year ended December 31, 2017, Sunland Company reported the following condensed data Loss on


Exercise 5-8 (Part Level Submission) In its income statement for the year ended December 31, 2017, Sunland Company reported the following condensed data Loss on disposal of plant assets Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $116,900 3,094,000 35,000 224,000 154,000 $651,000 1,381,800 Sales revenue 99,400 91,000 Income tax expense Sales discounts 434,000 Utilities expense (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) SUNLAND COMPANY Income Statement
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