COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue $ 516,500 $ 278,500 $ 77,900 $ 101,500 $ 974,400 $ 1,705,200 903,875 487,375 136,325 177,625 "Interest revenue "Investment Income $ $ "Other revenue $ Total revenue and gains $ Expenses and losses *"Cost of goods sold **Selling and admin administrative $ ***Computer (operating) *"Depreciation *"Interest expense Total expenses and losses Income before taxes $ 475,000 $ 175,000 $ 42,700 $ 51,000 $ 30,400 $ 774,100 $ 712,500 262,500 64,050 76,500 45,600 1,161,150 544,050 163,215 380,835 $ $ $ $ 200,300 $ $ $ Income tax expense (30%) 60,090 $ 140,210 $ Net Income $
COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue $ 516,500 $ 278,500 $ 77,900 $ 101,500 $ 974,400 $ 1,705,200 903,875 487,375 136,325 177,625 "Interest revenue "Investment Income $ $ "Other revenue $ Total revenue and gains $ Expenses and losses *"Cost of goods sold **Selling and admin administrative $ ***Computer (operating) *"Depreciation *"Interest expense Total expenses and losses Income before taxes $ 475,000 $ 175,000 $ 42,700 $ 51,000 $ 30,400 $ 774,100 $ 712,500 262,500 64,050 76,500 45,600 1,161,150 544,050 163,215 380,835 $ $ $ $ 200,300 $ $ $ Income tax expense (30%) 60,090 $ 140,210 $ Net Income $
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.2.1MBA
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Question
Using functions , complete the “Aggregated Data” worksheet using the “Statement
of Income” worksheet.
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