Question: Prepare a comparative income statement for J&S Bakeshop for the months of April and May 2011 based on the following information J&S BAKESHOP &S BAKESHOP

Prepare a comparative income statement for J&S Bakeshop for the months of April and May 2011 based on the following information J&S BAKESHOP &S BAKESHOP April May 2010 2009 Amount of Increase /Decrease Peso (P) Percent (%) Sales P30,000,000.00 P25,000,000.00 Cost of Goods Sold 22,000,000 18,000,000 Operarting Expenses 3,500,000 3,100,000 Interest Expense 650,000 550,000 Income Taxes (30% of the Operating Margin)
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