Problem 1)

Problem 2)

In its income statement for the year ended December 31, 2022, Bramble Corp. reported the following condensed data.

Salaries and wages expenses		$483,600		Loss on disposal of plant assets		$86,840
Cost of goods sold		1,026,480		Sales revenue		2,298,400
Interest expense		73,840		Income tax expense		26,000
Interest revenue		67,600		Sales discounts		166,400
Depreciation expense		322,400		Utilities expense		114,400

Problem 3)

The following selected accounts from the Sunland Companys general ledger are presented below for the year ended December 31, 2022:

Advertising expense		$ 53,000		Interest revenue		$ 31,000
Common stock		248,000		Inventory		65,000
Cost of goods sold		1,083,000		Rent revenue		24,000
Depreciation expense		123,000		Retained earnings		533,000
Dividends		148,000		Salaries and wages expense		673,000
Freight-out		23,000		Sales discounts		8,400
Income tax expense		68,000		Sales returns and allowances		42,000
Insurance expense		15,000		Sales revenue		2,398,000
Interest expense		68,000

Prepare a multiple-step income statement.

Fill in the missing amounts. Swifty Corporation Cullumber Company Sales revenue $72.000 $ $ 85,200 Sales returns and allowances 6,000 i 3.200 Net sales 66,000 82.000 Cost of goods sold 49.500 60,680 1 Gross profit 16.500 21,320 Operating expenses 11,880 13940 i Net income 4,620 7.380 eTextbook and Media Assistance Used eTextbook Attempts: 2 of 3 used (b) * Your answer is incorrect. Calculate the profit margin and the gross proftrate for each company. (Round answers to decimal places, e.g. 15%.) Swifty Corporation Cullumber Company Profit margin 6.4 % 8.7 % Gross profit rate 23 de 25 % Camrengti Prag Ca 2 Sce S240 3000 7400 School LIN Dragana Rambla Corp Incona Statement > > Prepare a multiple stap income statement Sunland Company Income Statement V V S