Prepare an Income Statement for the year ended 12/31/21 in proper format using the below info...

 

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Prepare an Income Statement for the year ended 12/31/21 in proper format using the below info Show your work. (6 pts) Selling Expense $80,000 Interest Expense $20,000 Wages Expense $115,000 Income Tax Expense $50,000 Net Sales Revenue $2,500,000 Insurance Expense $35,000 Administrative Expense $225,000 Cost of Goods Sold $910,000 Supplies Expense $65,000 Prepare an Income Statement for the year ended 12/31/21 in proper format using the below info Show your work. (6 pts) Selling Expense $80,000 Interest Expense $20,000 Wages Expense $115,000 Income Tax Expense $50,000 Net Sales Revenue $2,500,000 Insurance Expense $35,000 Administrative Expense $225,000 Cost of Goods Sold $910,000 Supplies Expense $65,000

Answer rating: 100% (QA)

To prepare an income statement for the year ended 123121 we will start with the revenue subtract the ... View the full answer