How to prepare income statement and a common sized income statement from the following information.

Sales $525,000

Cost of goods sold 200,000

General and administrative expenses 62,000

Depreciation expenses 8,000

Interest expense 12,000

Income taxes 97,200

I just want to be sure

Answer rating: 100% (QA)

Income Statement 1 Revenue Sales 525000 2 Cost of Goods Sold COGS 200000 3 Gross Profit Revenue COGS ... View the full answer