Question: 1. Income statement preparation. Use the appropriate items from the following list to prepare in good form Perry Corporation's income staternent for the year ended

 1. Income statement preparation. Use the appropriate items from the following

1. Income statement preparation. Use the appropriate items from the following list to prepare in good form Perry Corporation's income staternent for the year ended December 31,2000. Item Values ($000) at or for year ended December 31, 2000 Accounts Receivable Accumulated Depreciation Cost of goods sold Depreciation expense General and administrative expense Interest expense Preferred stock dividends $350 205 285 55 60 25 10 Sales revenue 525 35 Selling expense Stockholder's equity 265 Taxes rate 40%

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