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) Other
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 | |
| Net income | $1,14
| |
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