Harvest Retail has the following financial information for the most recent accounting period. How would you create an income statement?

Gross Sales: $1,864,740

Sales Returns: $47,399

Cost of Goods Sold: $483,237

Rent Expense: $86,705

Interest Expense: $1,156

Income Tax Expense $66,185

Depreciation Expense: $5,780

Salaries Expense: $98,266

Utility Expense: $28,902

Answer rating: 100% (QA)

creating an income statement Harvest Retail Income Statement For the Most Recent Accounting Period G... View the full answer