SOLUTION:
SUNSET BOARD INCOME STATEMENT |
2018 | 2019 | |
Sales | 440,122 | 536,483 |
Less-Cost of Goods Sold | -224,359 | -283,281 |
Gross Profit | 215,763 | 253,202 |
Expenses: | ||
Selling and Administration Expense | -44,121 | -57,586 |
Depreciation | -63,334 | -71,584 |
Total Expenses | -107,455 | -129,170 |
Operating Income | 108,308 | 124,032 |
Less:-Interest Expense | -13,783 | -15,780 |
Income Before Taxes | 94,525 | 108,252 |
Less:Income Tax @21% | -19,850.25 | -22,732.50 |
Net Income | 74,674.75 | 85,519.50 |
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2018 2019 $224,359 $283,281 32,372 34,394 63,334 71,584 13,783 15,780 44,121 57,586 unset Boards is a...
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