Question

You are provided with the following information for Carla Vista Co., effective as of its April...

You are provided with the following information for Carla Vista Co., effective as of its April 30, 2022, year-end.

Accounts payable $ 880
Accounts receivable 880
Accumulated depreciation—equipment 660
Cash 1,220
Common stock 17,400
Cost of goods sold 1,070
Depreciation expense 375
Dividends 340
Equipment 2,570
Goodwill 1,600
Income tax expense 155
Income taxes payable 130
Insurance expense 340
Interest expense 580
Inventory 950
Investment in land 14,240
Land 3,000
Mortgage payable (long-term) 3,300
Notes payable (short-term) 60
Prepaid insurance 50
Retained earnings (beginning) 2,000
Salaries and wages expense 700
Salaries and wages payable 240
Sales revenue 4,600
Stock investments (short-term) 1,200

(a1)

Partially correct answer iconYour answer is partially correct.

Prepare an income statement for Carla Vista Co. for the year ended April 30, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

CARLA VISTA CO.
Income Statement
choose the accounting period                                                                      April 30, 2022For the Year Ended April 30, 2022For the Month Ended April 30, 2022

select an opening name for section one                                                                      DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2021Retained Earnings, April 30, 2022RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

select an opening name for section two                                                                      DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2021Retained Earnings, April 30, 2022RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section two                                                                      DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2021Retained Earnings, April 30, 2022RevenuesTotal ExpensesTotal Revenues

enter a total of the six previous amounts

select a closing name for this statement                                                                      DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2021Retained Earnings, April 30, 2022RevenuesTotal ExpensesTotal Revenues

$enter a total net income or loss amount

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Answer #1

Amount $ 4,600 1,070 3,530 Income statement for Carla Vista Co. for the year ended April 30, 2022 Particulars Amount $ Sales

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