The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $820,000, Freight-out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000.
(a)
Prepare the sales revenues section of the income statement.
Tsai COMPANY
Income Statement (Partial)
For the Year Ended October 31, 2014