Answer&Explanation:
Net Income Statment for the Year Ended December 31,2019
Net sales 2,416,300
Cost of goods sold (1,334,200)
<em>Gross Profit 1,082,100 Sales - COGS</em>
Operating expenses (759,720)
<em>Operating Income 292,380 Gross Profit - Operating Expenses</em>
Interest revenue 29,970
Interest expense (71,270)
Loss on disposal of plant assets (15,910)
<em>Other Income (57210)</em>
<em />
<em>Net income 235,170 Operating Income + Other income</em>
Other comprehensive income 6,920.
<em>Comprehensive Income 242,090 Net Income - OCI</em>
