Question: Method COMPUTER SERVICES COMPANY Income State ment For the Month EndeDecember 31, 2017 Sales revenue Cost of goods sold Operating expenses (excluding depreciation) Depreciation expense

Method

COMPUTER SERVICES COMPANY

Income State ment

For the Month EndeDecember 31, 2017

Sales revenue

Cost of goods sold

Operating expenses (excluding depreciation)

Depreciation expense

Loss on disposal of equipment

Interest expense

Income before income tax

Income tax expense

Net income

$150.000

111.000

9,000

3,000

42.000

Illustration 17 4

17.1

$507,000

315.000

192.000

47.000

$145.000

LO 2

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