Course Code	ACT 501
Course Title	Financial and Managerial Accounting

Complete the given below Income statement & write the formula with your correct answers.

Income Statement

Items	$
Revenue	5000
Cost of Goods Sold (COGS)	.......................... (A)
Gross Income/Margin	3000
Expenses:
Marketing & Promotions	300
General & Administrative	400
Depreciation	100
Interest Paid	200
Total Expenses	1000
Earnings Before Tax	............................. (B)
Taxes	500
Net Income	.............................. (C)