Homework answers / question archive / The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021:  Accounts receivable $328,600 Accumulated depreciation—equipment 947,980 Advertising expense 68,200 Common shares 310,000 Cost of goods sold 1,453,280 Depreciation expense 155,000 Dividends declared 186,000 Equipment 1,798,000 Freight out 31,000 Income tax expense 86,800 Insurance expense 28,520 Interest expense 76,880 Interest income 37,200 Inventory 120,280 Prepaid expenses 38,440 Rent income 29,760 Retained earnings 663,400 Salaries expense 874,200 Sales 3,210,980  Manseen Corpora:on Statement of Income (Multiple-step) 

The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021:  Accounts receivable $328,600 Accumulated depreciation—equipment 947,980 Advertising expense 68,200 Common shares 310,000 Cost of goods sold 1,453,280 Depreciation expense 155,000 Dividends declared 186,000 Equipment 1,798,000 Freight out 31,000 Income tax expense 86,800 Insurance expense 28,520 Interest expense 76,880 Interest income 37,200 Inventory 120,280 Prepaid expenses 38,440 Rent income 29,760 Retained earnings 663,400 Salaries expense 874,200 Sales 3,210,980  Manseen Corpora:on Statement of Income (Multiple-step) 

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The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021: 
Accounts receivable $328,600 Accumulated depreciation—equipment 947,980 Advertising expense 68,200 Common shares 310,000 Cost of goods sold 1,453,280 Depreciation expense 155,000 Dividends declared 186,000 Equipment 1,798,000 Freight out 31,000 Income tax expense 86,800 Insurance expense 28,520 Interest expense 76,880 Interest income 37,200 Inventory 120,280 Prepaid expenses 38,440 Rent income 29,760 Retained earnings 663,400 Salaries expense 874,200 Sales 3,210,980 
Manseen Corpora:on Statement of Income (Multiple-step)