Question: Income Statement The following information is available for Wright Auto Supply at December 31. Cost of goods sold$307,300 Rent expense$21,000Depreciation expense31,250 Salaries (administrative)33,800Income taxes expense32,520

Income Statement

The following information is available for Wright Auto Supply at December 31.

Cost of goods sold$307,300 Rent expense$21,000Depreciation expense31,250 Salaries (administrative)33,800Income taxes expense32,520 Sales revenue620,200Interest expense2,400 Wages expense (salespeople)97,300

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