The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.

Other revenues and gains 23,600

other expenses and losses 4,000

costs of good sold 291,000

sales discount 4,800

sales revenue 759,000

operating expenses 220,000

sales returns and allowances 10,600

Prepare a multiple-step income statement for Splish Brothers Corp. The company has a tax rate of 25%.

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Sales Revenue 2$ 759000 Less : Sales Returns and Allowances 2$ 10600 i Net Sales Cost of Goods Sold 291000 i Gross Profit Operating Expenses 220000 i Income From Operations Other Revenues and Gains 23600 Other Expenses and Losses 4000 i Income before Income Taxes 수 Income Tax Expense Net Income / (Loss) Sales Revenue 2$ 759000 Less : Sales Returns and Allowances 2$ 10600 i Net Sales Cost of Goods Sold 291000 i Gross Profit Operating Expenses 220000 i Income From Operations Other Revenues and Gains 23600 Other Expenses and Losses 4000 i Income before Income Taxes 수 Income Tax Expense Net Income / (Loss)

Answer rating: 100% (QA)

Splish Brothers Corp Income Statement For the year ... View the full answer