Question: (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. $525,654D 199,753 61,992 8,072 11,604 Sales Cost of

 (Preparing an income statement) Prepare an income statement and a common-sizedincome statement from the following information. $525,654D 199,753 61,992 8,072 11,604 Sales

(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. $525,654D 199,753 61,992 8,072 11,604 Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes 97,693 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement Gross profits Total operating expenses Operating income (EBIT) Earnings before taxes Net income (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. $525,654 199,753 61,992 8,072 11,604 97,693 Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement Cost of goods sold Depreciation expense General and administrative expense Interest expense Sales Income taxes Earnings before taxes Net income

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