Note: Store supplies and office supplies are considered to be assets.
Same excel pasted below.
Lange Daughters Inc | |
Multi step income statement | |
For the year ending March 31st, 20Y5 | |
Sales | 17,850,000.00 |
Cost of good sold | 10,350,000.00 |
Gross profit | 28,200,000.00 |
Operating expenses | |
Selling expenses | 1,650,000.00 |
Administrative expenses | 950,000.00 |
Total operating expenses | 2,600,000.00 |
Operating income | 25,600,000.00 |
Non operating expenses | |
Interest expense | 45,000.00 |
Net income | 25,555,000.00 |
Please refer to the following exercise to demonstrate the above objectives. In addition, please show your...