Question: PART E: Prepare the scal year 2005I income statement (is, ft]! in the blanks below). Note that you do not need to compute earnings per
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PART E: Prepare the scal year 2005I income statement (is, ft]! in the blanks below). Note that you do not need to compute earnings per share. Cisco Systems. Inc. Consolidated Statements of Earnings (in millions. except per share amounts] Fiscat Fiscal Fiscal 2003 2003 200? 52 weeks 52 weeks 52 weeks Net sales $39,540 334.922 Cost of goods sold 14.104 12.563 Gross prot 25.345 22.259 Operating Expenses: Research and development expense 5.325 4.593 Selling. general. and administrative expenses 10.5?9 9.040 Operating income 9.442 8.621 Other revenues and expenses: Interest income 1324 840 Interest expense 11 0 Earnings before income taxes 10.255 9.461 Income tax expense 2.203 2.120 Net earnings $3.052 $?.333 Basic earnings per share $1.05 $1.35 $1.21 PART F: Record the scal year 2009 closing entries below and then post these entries to your t- accounts
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