Question: From the following partial data prepare an income statement showing

From the following partial data, prepare an income statement showing departmental income before tax along with net income for Paul’s Corporation for the year ended December 31, 201X:
Net Sales, TVs ............. $86,400
Net Sales, Washers ............ 21,600
Cost of Goods Sold, TVs ........ 39,000
Cost of Goods Sold, Washers ....... 18,000
Income tax rate, 20%
TV Dept., 9,000 square feet
Washers, 3,000 squarefeet



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  • CreatedApril 24, 2014
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