Vane Co.'s trial balance of income statement accounts for the year ended December 31, 20x1, included...

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Vane Co.'s trial balance of income statement accounts for the year ended December 31, 20x1, included the following: Sales Cost of sales Administrative expenses Loss on sale of equipment Sales commissions Interest revenue Freight out Loss on early retirement of long-term debt Uncollectible accounts expense Totals Other information: Finished goods inventory: January 1, 20x1 December 31, 20x1 Debit 240,000 70,000 10,000 50,000 Credit 575,000 ..P400,000 360,000 25,000 15,000 20,000 15,000 420,000 600,000 Vane's income tax rate is 30%. In Vane's 20x1 multiple step income statement, 6. What amount should Vane report as the cost of goods manufactured? 7. What amount should Vane report as income after income taxes from continuing operations? Vane Co.'s trial balance of income statement accounts for the year ended December 31, 20x1, included the following: Sales Cost of sales Administrative expenses Loss on sale of equipment Sales commissions Interest revenue Freight out Loss on early retirement of long-term debt Uncollectible accounts expense Totals Other information: Finished goods inventory: January 1, 20x1 December 31, 20x1 Debit 240,000 70,000 10,000 50,000 Credit 575,000 ..P400,000 360,000 25,000 15,000 20,000 15,000 420,000 600,000 Vane's income tax rate is 30%. In Vane's 20x1 multiple step income statement, 6. What amount should Vane report as the cost of goods manufactured? 7. What amount should Vane report as income after income taxes from continuing operations?

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