Income Statement

The following information is available for Wright Auto Supply at December $31.$

Cost of goods sold $$298,200$ Rent expense $$21,000$

Depreciation expense $31,250$ Salaries $($administrative$)33,800$

Income taxes expense $32,520$ Sales revenue $593,000$

Interest expense $2,400$ Wages expense $($salespeople$)83,400$

Required:

Question Content Area

$1.$ Prepare a single$-$step income statement for the year ended December $31.$

Wright Auto Supply

Income Statement

For the year ending December $31$

Revenues:

$Sales revenue

Expenses:

$Cost of goods sold

Prepaid rent

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total expenses fill in the blank $679026$fdf$03$cf$88\_17$

$$-$ Select $-$

Question Content Area

$2.$ Prepare a multiple$-$step income statement for the year ended December $31.$

Wright Auto Supply

Income Statement

For the year ending December $31$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Operating expenses:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total operating expenses fill in the blank $6$f$22$a$0$ffbf$8402$e$\_15$

$$-$ Select $-$

Other expenses and losses:

$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$