16. Prepare an income statement and calculated operating cash using the following data. Account Cost of...

 

Transcribed Image Text:

16. Prepare an income statement and calculated operating cash using the following data. Account Cost of goods sold Interest expense Balance 1,200,000 35,000 Taxes -22% of profit before tax Revenue 2,000,000 General, and administrative expenses 87,000 Depreciation 325,000 Selling expenses 150,000 16. Prepare an income statement and calculated operating cash using the following data. Account Cost of goods sold Interest expense Balance 1,200,000 35,000 Taxes -22% of profit before tax Revenue 2,000,000 General, and administrative expenses 87,000 Depreciation 325,000 Selling expenses 150,000

Answer rating: 100% (QA)

Income Statement Create a dictionary to store income statement items incomestatement Revenue 0 Cost ... View the full answer