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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