Question: Question 3: The following data include all the elements from Cambridge Company income statement: *Administrative Expense $867 *Cost of Goods Sold 3622 * Gain on

Question 3: The following data include all the elements from Cambridge Company income statement:

*Administrative Expense

$867

*Cost of Goods Sold

3622

* Gain on Sale of Securities

623

*Income Tax Expense

1,234

Loss on Discontinued Operations (net

1,229

*Loss on Disposal of Equipment

237

*Sales Revenue

8744

*Selling Expense

1,425

*Financing cost

1500

*Prepare Income statement in a good format.

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