Question: 5. Using the chart below create an Income Statement Revenue: $100000 Cost of Goods Sold S50000 Salary Exp S30000 Car S19000 Acct Rec S20000 Legal

5. Using the chart below create an Income Statement Revenue: $100000 Cost of Goods Sold S50000 Salary Exp S30000 Car S19000 Acct Rec S20000 Legal Exp S1500 Acct Payable S20000 Acct Payable $18000 Inventory S15000 Equipment Repairs $1000 Supplies Exp S5000 Dividends paid $500 Taxes $20000 Investment Income S3000 Cash S19000 Petty Cash $2500

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