Question

Required information [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue Non-operating revenue Selling expenses General expenses $265,000 103,000 53,000 43,000 Income tax expense Cost of goods sold Administrative expenses $ 23,000 183,000 33,000

Answer 1

Sales revenue	265000
Cost of goods sold	183000
Gross profit		82000
Selling expenses	53000
General expenses	43000
Administrative expenses	33000
Total operating expenses		129000
Operating income (loss)		(47000)
Non operating revenue		103000
Income before income tax		56000
Income tax expense		23000
Net income		33000