Hello,

I need some assistance with the question below.

Use the following information to create the income statement (Profit and Loss Statement):

Cost of goods sold 75,000

Sales 100,000

Commissions expense 5,000

Advertising expense 2,000

Interest expense 500

Interest Revenues 5,000

Office Supplies expense 3,500

Gain on sale of assets 3,000

Office equipment expense 2,500

Loss from lawsuit 1,500

Can you also confirm any references used?

Thanks,

GB