Question: (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information Sales $525,436 Cost of goods sold 199,534 General
(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information Sales $525,436 Cost of goods sold 199,534 General and administrative expense 61,223 Depreciation expense 8,086 Interest expense 11,566 Income taxes 98.011 (Click on the icon located on the top-right corner 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 Gross profits General and administrative expense $ Interest expense Total operating expenses Operating income (EBIT) Sales Earnings before taxes Income taxes Net income Complete the common-sized income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values.) Common.sleed Income Statement
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