7 Current Attempt in ProgressIn its income statement for the year ended December 31, 2022, Sage Hill Inc. reported the following condensed data.Operating expensesCost of goods soldInterest expenseIncome tax expense$797,5001,381,60077,00051,700Interest revenueLoss on disposal of plant assetsNet salesOther comprehensive income (net of $1,320 tax)<Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)SAGE HILL INC.Income StatementFor the Year Ended December 31, 202260$36,30018,7002,420,000$69$9,130$

Income Statement is a financial statement that includes revenue earned and expenses incurred during…

Current Attempt in Progress In its income statement for the year ended December 31, 2022, Sage Hill Inc. reported the following condensed data. Operating expenses $797,500 Interest revenue Cost of goods sold 1,381,600 Loss on disposal of plant assets Interest expense 77,000 Net sales Income tax expense 51,700 Other comprehensive income (net of $1,320 tax) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SAGE HILL INC. Income Statement For the Year Ended December 31, 2022 < $36,300 18,700 2,420,000 9,130 $ $ $ |||