Question: Prepare an income statement for Amazon.com, Inc. for the year ended December 31, 2023. Item Amount ($) Sales Revenue 1,200,000 Cost of Goods Sold 750,000
Prepare an income statement for Amazon.com, Inc. for the year ended December 31, 2023.
Item | Amount ($) |
Sales Revenue | 1,200,000 |
Cost of Goods Sold | 750,000 |
Salaries Expense | 150,000 |
Rent Expense | 60,000 |
Utilities Expense | 30,000 |
Depreciation Expense | 50,000 |
Interest Expense | 25,000 |
Income Tax Expense | 40,000 |
Question:
Using the given data, prepare the income statement for Amazon.com, Inc. for the year ended December 31, 2023. Calculate the Gross Profit, Total Operating Expenses, Operating Income, and Net Income.
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