Homework Answers
Wildhorse Ltd.
Income statement
For the year ended Dec. 31, 2022
| Sales | 615,600 | |
| Cost of goods sold | - 376,200 | |
| Gross profit | 239,400 | |
| Selling expenses | 136,800 | |
| Administrative expenses | 11,400 | |
| - 148,200 | ||
| Profit before tax | 91,200 | |
| Income tax expense | - 28,500 | |
| Net income | 62,700 | |
| Earnings per share (Net income/Number of shares) (62,700/100,000) | $0.63 |
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