Question

please help me create an income statement. asap

Wap Text cop 2 Normal Paste Merge & Center - Format Panter e $ Conditional Formats Check Cell Foming Table N- Kobelsky CPA Services Ltd Adjusted Trial Balances For the Years Ending 2018 Credit Debit Debit Credit 534,293 16,854 691 40 12.000 526,945 21,377 $ 231,878 112,968 11.484 257,334 101,469 14.280 7 Sales revenue 8 Other revenue 9 Cost of goods sold 10 Operating expenses 11 Interest expense 12 Income Tax Expense 13 Cash 14 Accounts receivable, net 15 Inventory 16 Prepaid expenses 17 Property & equipment (net) 18 Accounts payable 19 Accrued expenses 20 Long-term debt 21 Common stock 22 Additional paid-in capital 23 Retained earnings 89,627 94,071 12,430 755,857 49,865 120,313 21.097 18,200 645, 120 7657 22,553 89.515 55,116 5,060 594330 57,010 45.820 185.000 50,464 10,600 178,000 6,000 99,000 516.455 1,565,999 180.000 5.000 62,000 99,000 1 216.144 $ 1.565,999 $ $ 1,345,971 S ,145,971

Answer 1

Kobelsky CPA Services Ltd Income Statement For the Years Endeding 2019 2018 $ 693,470 $534,293 $ 283,877 $ 231,878 $ 409,593 $302,415 $ 176,820 $112.968 $ 232,773 $ 189,447 2017 $526,945 $257,334 $269,611 $ 103,469 $ 166,142 Sales Revenue Cost of Goods Sold Gross Profit Opearting Expenses Income from operations Other Revenue & (Expenses) Other Revenue Interest expense Income Before Income taxes Income Taxes Expense Net Income $ 12,000 $ 16,854 $ (12,188) $ (188) $(11,484) $ 5,370 $ 232,585 $ 194,817 $ 74,479 $ 85,046 $ 158,106 $ 109,771 $ 24,859 $(14,280) $ 10,579 $176,721 $ 74,687 $ 102,034