Ortiz Co. had the following account balances:

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Ortiz Co. had the following account balances: Sales revenue $180,000, Cost of goods sold $$90,000, Salaries and wages expense $15,000, Depreciation expense $30,000, Dividend revenue $6,000, Utilities expense $12,000, Rent revenue $30,000, Interest expense $18,000, Sales returns and allow $16,500, Advertising expense $19,500.What would Ortiz report as total revenue in a single-step income statement? a)$199,500 b)$15,000 c)$216,000 d)$180,000.

QUESTION:Ortiz Co. had the following account balances: Sales revenue $180,000, Cost of goods sold $$90,000, Salaries and wages expense $15,000, Depreciation expense$30,000, Dividend revenue…

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