Question: Given the following information, construct an income statement and determine if there was a profit or loss (Figures are in $000). Sales $3,015,534 Cost of

  1. Given the following information, construct an income statement and determine if there was a profit or loss (Figures are in $000).

Sales $3,015,534

Cost of Goods Sold $2,020,954

Operating Expenses $ 193,628

Interest Expense $ 15,188

Taxes $ 67,807

Net Sales

COGS

GM

Expenses

Profit/Loss

Taxes

Net Profit After Taxes

Profit or Loss?

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