In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data. Salaries and wages...
jroyle_ivIn its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data.
| Salaries and wages expenses | $902,100 | Loss on disposal of plant assets | $ 161,990 | |||
| Cost of goods sold | 1,914,780 | Sales revenue | 4,287,400 | |||
| Interest expense | 137,740 | Income tax expense | 48,500 | |||
| Interest revenue | 126,100 | Sales discounts | 310,400 | |||
| Depreciation expenses | 601,400 | Utilities expense | 213,400 |
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