Multiple-step Statement with Retained Earnings) Presented below is information related to Ivan Calderon Corp. for the year 2021.
Net sales ： $1,300,000
Write-off of inventory due to obsolescence： $ 80,000
Cost of goods sold 780,000
Depreciation expense omitted by accident in 2020： 55,000
Selling expenses： 65,000
Casualty loss before taxes： 50,000
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