Income Statement:

Instructions: Organize all information listed below in proper order on the income statement, be sure to calculate total cogs, gross profit, total other variable cost, contribution margin, total fixed operating costs, pre-tax profit, net profit.

Insurance $300.00

Materials. $2,468

Commission $1,234

Salaries $3,000

Advertising $600.00

Revenue. $24,681 I

nterest $300.00

Rent $1,000

Packaging 236.00

Depreciation $50.00

Other $50.00

Tax (0.34%)

Utilities $200.00

Labor $3,579

Q Search in Document 2+ Share OD $ 55 ABC E w Financial statements Activity (Compatibility Mode] Home Insert Draw Design Layout References Mailings Review View Acrobat 8 Helvetica Neue 13 AA Aa A ab A ELE 63 -3 A A+ A BI U abe X2 x A A A = = = = = = $. Styles Em Create and Share Request Paste Styles x Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Income Statement Sales/Revenue COGS (Costs of Goods Sold) Total Materials Total Labor Total COGS Gross Profit Other Variable Costs Commission Packaging Total Others VC Contribution Margin Fixed Operating costs Total Fixed Costs Pre-Tax Profit Taxes (0.34%) Net Profit Page 3 of 5 460 words English (United States) Focus E B - O + 87%