HOME INSERT PAGE LAYOUT ORMAAS DATA REVaW E 11 IA" A," | % B48 Inventory 8 Prepaid Rent $20,700 11 Aocounts Payable 12 Notes Payabile 13 Common Stock 14 Retained Earnings, January 1,200x1 15 Sales Revenue 16 Sales Retuets and Allowances 17 Sales Discounts Cost of Goods Sold 9 Salaries and Wages Expeme 20 Depreciation Expense Rent Epense Interest Expense 23 Income Tax Expense B48 NOODLES UNLIMITED, INC Income Statement 37 Sales Revenue 38 Less: 39 Sales Discount $175,500 40 Sales Returns and Allowances 41 Net Sales 42 Cost of Goods Sold 43 Gross Profit 44 Expenses: 45 Salaries and Wages Expense 46 Rent Expense 6,000 4,700 164,800 67,700 97,100 25,900 24,000 13,800 48 Income from Operations 1,600 51 Income Tax Expense 7.700 HOME INSERT PAGE LAYOUT ORMAAS DATA REVaW E 11 IA" A," | % B48 Inventory 8 Prepaid Rent $20,700 11 Aocounts Payable 12 Notes Payabile 13 Common Stock 14 Retained Earnings, January 1,200x1 15 Sales Revenue 16 Sales Retuets and Allowances 17 Sales Discounts Cost of Goods Sold 9 Salaries and Wages Expeme 20 Depreciation Expense Rent Epense Interest Expense 23 Income Tax Expense B48 NOODLES UNLIMITED, INC Income Statement 37 Sales Revenue 38 Less: 39 Sales Discount $175,500 40 Sales Returns and Allowances 41 Net Sales 42 Cost of Goods Sold 43 Gross Profit 44 Expenses: 45 Salaries and Wages Expense 46 Rent Expense 6,000 4,700 164,800 67,700 97,100 25,900 24,000 13,800 48 Income from Operations 1,600 51 Income Tax Expense 7.700