Question: 1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale

1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00
 1.) Create an income statement given the following information: For the

\begin{tabular}{|l|l|l|} \hline 1.) & Create an income statement given the following information: & \\ \hline & \\ \hline For the Year endign 2022 & \\ \hline Toy Manufacturer & \\ \hline Sale from Toy A & 20,000.00 \\ \hline Sale from Toy B & 15,000.00 \\ \hline Sale from Toy C & 30,000.00 \\ \hline Sale from Toy D & 10,000.00 \\ \hline Toy Parts Expense & 30,000.00 \\ \hline Packaging expense for Toys & 10,000.00 \\ \hline Paint expense for Toys & 5,000.00 \\ \hline Rent Expense & 2,000.00 \\ \hline Salary Expense & 8,000.00 \\ \hline Internet Expense & 2,000.00 \\ \hline Utilities Expense & 1,000.00 \\ \hline Advertising Expense & 1,500.00 \\ \hline Security & 500.00 \\ \hline Loan of 50000 with interest expens of 12\% per year & \\ \hline Taxes are at 25% & \\ \hline Dividends paid & 5,000.00 \\ \hline Outstanding Share & 2,000.00 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!