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Unformatted text preview: Insurance Expense $4,320 Depreciation Expense- Equipment $13,300 Utilities Expense $6,600 Total Selling Expense $114,720 General and Adminstrative Expense Depreciation Expense- Building $10,400 Insurance Expense $2,880 Utilities Expense $4,400 Property Tax Expense $4,800 Office Salaries Expense $32,000 Total General and Adminstrative Expense $54,480 Total Operating Expense $169,200 Income From Operation $23,100 Other Income/ gains Add: Interest Revenue $4,000 Other Expense/ loses Project 1 Less: Interest Expense $11,000 Net Income $16,100...
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