Question: At the end of December 31 2012 Cougar Inc s accounts

At the end of December 31, 2012, Cougar Inc.’s accounts are as follows:
Office salaries ............... $30,000
Finance costs .............. 3,000
Depreciation (administration) ........ 2,000
Cost of sales ................ 300,000
Income tax expense ........... 35,000
Sales salaries ............... 40,000
Interest income .............. 6,000
Gross revenue ................ 520,000
Advertising .............. 10,000
Lease (administration) ............ 3,000
Promotional expenses .......... 2,000
Sales discounts .............. 20,000
Travel expenses ............ 3,000
Rental charges .............. 5,000
Prepare Cougar Inc.'s statement of income for the year ended December 31, 2012.




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  • CreatedDecember 03, 2014
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