Solve the following Income Statement FlatMatte Inc Income Statement For the Year Ended Dec. 31, Sales Cost

Solve the following Income Statement
 

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FlatMatte Inc Income Statement For the Year Ended Dec. 31, Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation EBIT Interest Expense Earnings Before Taxes Taxes Net Income Notes: ■Tax Rate ) Shares Outstanding Eamings per Share 2 Dividends per Share 3 4 Addition to RE per Share 2022 12,355,140 10,347,829 2,007,311 1,103,464 109,480 276,079 176,652 75,000 5 6 Note: Yellow cells were needed to be filled with formulas 2021 11,521,253 9,733,623 1,787,630 970,699 90,160 257,669 200,997 169,443 65,000 $0.20 FlatMatte Inc Income Statement For the Year Ended Dec. 31, Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation EBIT Interest Expense Earnings Before Taxes Taxes Net Income Notes: ■Tax Rate ) Shares Outstanding Eamings per Share 2 Dividends per Share 3 4 Addition to RE per Share 2022 12,355,140 10,347,829 2,007,311 1,103,464 109,480 276,079 176,652 75,000 5 6 Note: Yellow cells were needed to be filled with formulas 2021 11,521,253 9,733,623 1,787,630 970,699 90,160 257,669 200,997 169,443 65,000 $0.20

Answer rating: 100% (QA)

To solve the income statement you need to fill in the yellow cells with the appropriate formulas and determine their values Heres a stepbystep explana... View the full answer