Gordon Company gathered the following condensed data for the year ended December 31, 2006:
|
Cost of goods sold |
RM 742,000 |
|
Net sales |
1,350,000 |
|
Administrative expenses |
239,000 |
|
Interest expense |
58,000 |
|
Dividend revenue |
38,000 |
|
Loss from employee strike |
223,000 |
|
Selling expenses |
45,000 |
Instructions:
Prepare a multiple step income statement for the year ended December 31, 2006.