Question: Please show step by step solution. Leadt Inc. offers executive coaching services to small business services sold. owners. Leadls operating profits average 24 percent of

Please show step by step solution.

Leadt Inc. offers executive coaching services to small business services sold. owners. Leadls operating profits average 24 percent of revenues and its markeing and administraive costs average 25 percent of the cos Required Lead! Inc, expects revenues to be $196,000 for April. Prepare an income statement for April for Lead! Inc. assuming its expectations are met LEAD!, INC. Income Statement For the Month Ended April 30 196,000 Sales revenue Cost of services sold Gross margin Marketing and administrative costs Marketing and administrative costs 47,040 ating profi

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