In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data. Salaries and wages...

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In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data.

Salaries and wages expenses	$688,200	Loss on disposal of plant assets	$ 123,580
Cost of goods sold	1,460,760	Sales revenue	3,270,800
Interest expense	105,080	Income tax expense	37,000
Interest revenue	96,200	Sales discounts	236,800
Depreciation expenses	458,800	Utilities expense	162,800

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