Question: Spreadsheet and Statement The following 2016 information is available for Stewart Company: Condensed Income Statement for 2016 Sales $9,000 Cost of goods sold (6,000)

Spreadsheet and Statement The following 2016 information is available for Stewart Company:Condensed Income Statement for 2016 Sales $9,000 Cost of goods sold (6,000)Other expenses (2,000) Loss on sale of equipment (260) Gain on saleof land 400 $1,140 Net income < Cash Accounts receivable Inversory Lan

Spreadsheet and Statement The following 2016 information is available for Stewart Company: Condensed Income Statement for 2016 Sales $9,000 Cost of goods sold (6,000) Other expenses (2,000) Loss on sale of equipment (260) Gain on sale of land 400 $1,140 Net income < Cash Accounts receivable Inversory Lan Ement Comparative Balance Sheets December 31, December 31, 2015 2016 $700 $1,130 450 310 350 400 300 500 1,600 1,800

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