Reference no: EM132993365
Mark Company gathered the following condensed data for the year ended December 31, 2014:
Cost of goods sold................................................................................... $ 684,000
Net sales.................................................................................................... 1,250,000
Operating expenses..................................................................................... 284,000
Interest expense............................................................................................. 58,000
Dividend revenue............................................................................................ 38,000
Loss from employee strike........................................................................... 233,000
The company uses a perpetual inventory system.
Instructions
Problem 1: Prepare a single-step income statement in good form.