Question: (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales Cost of goods sold General and administrative


(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales Cost of goods sold General and administrative expense Depreciation expense nterest expense Income taxes Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) S525,742 199,937 61,151 8,649 11,649 97,742 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 $ I Complete the common-sized income statement below (Round to one decimal place. NOTE: You may input expense accounts as negative values.)
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