Question

Share Window Help 125% Zoom BUS495 Remedial S20 Bendix TE.. Tv Insert Table Chart Text Shape Media Comment Add Page 2. This question has two parts. a. Complete the following income statement by filling in the blank boxes with the proper account Hardy Cosmetics Income statement for 2019 $90,000 $56,00 Cost of goods sold $34,000 $15,00 0 Income from operations Other expenses and losses $19,000 $4,000 $15.000 Wafirm's total much is the owner . 492 Babtes are $128.000, how

Answer 1

ANSWER 2.a Hardy Cosmetics Income statement for 2019 Net Sales Cost of goods sold Gross Profit Operating Expenses Income from operation Other Expenses and losses Net Income $ 90000 $ 56000 $ 34000 $ 15000 $ 19000 $ 4000 $ 15000 2.b Assets = Liabilities + owner's Equity Total Assets = $ 340,000 Total Liabilities = $ 128,000 Owner's Equity = Total Assets - Total Liabilities = $ 340,000 - $ 128,000 = $ 212,000