The following account balances were taken from Bowler Corporation's 2013 adjusted trial balance: 

sales revenue, $525,000; 

Cost of goods sold, $268,000;

salary expenses; $65,000; 

rental expenses, $40,000; 

depreciation expense, $50,000;

miscellaneous expenses, $32,000. 

Prepare an income statement for 2013.

Answer rating: 100% (QA)

i Income Statement refers to a profitability report found in the income statement which shows ... View the full answer