Question: use the data provided to complete an income statement Instructions: Use the data provided to complete your income statement. Do not input data into this


use the data provided to complete an income statement
Instructions: Use the data provided to complete your income statement. Do not input data into this tab. General Ledger Debit Credit 450,000,000 33,000,000 1,240,000 12,345,000 72,422,000 105,000,000 1,000,000 2,567,000 80,000 50,000 70,050,000 Accounts Number - Title 100 Cash 110 Accounts Receivable 115 Allowance for Bad Debts 120 Inventory 130 Notes Receivable 135 Accumulated Depreciation 140 Equipment 160 Buildings 170 Land 180 Patents 185 Accumulated Amortization 190 Interest Receivable 195 Prepaid Insurance Expense 200 Accounts Payable 205 Unearned Rent Revenue 300 Common Stock 305 APIC - Common Stock 340 Retained Earnings 400 Sales Revenue 410 Interest Revenue 405 Rent Revenue 415 Loss on Sale of Equipment 500 Cost of Goods Sold 510 Depreciation Expense 518 Amortization Expense 520 Bad Debt Expense 540 Salaries Expense 560 Insurance Expense 599 Income Tax Expense 600 Dividends 120,000,000 267,000,000 73,230,000 Total 603,992,000 603,992,000 Pane in the Glass Company Income Statement For Year Ended December 31, 2018 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Total Operating Expenses Operating Income Other Items Income Before Tax Net Income Instructions: Use the data provided to complete your income statement. Do not input data into this tab. General Ledger Debit Credit 450,000,000 33,000,000 1,240,000 12,345,000 72,422,000 105,000,000 1,000,000 2,567,000 80,000 50,000 70,050,000 Accounts Number - Title 100 Cash 110 Accounts Receivable 115 Allowance for Bad Debts 120 Inventory 130 Notes Receivable 135 Accumulated Depreciation 140 Equipment 160 Buildings 170 Land 180 Patents 185 Accumulated Amortization 190 Interest Receivable 195 Prepaid Insurance Expense 200 Accounts Payable 205 Unearned Rent Revenue 300 Common Stock 305 APIC - Common Stock 340 Retained Earnings 400 Sales Revenue 410 Interest Revenue 405 Rent Revenue 415 Loss on Sale of Equipment 500 Cost of Goods Sold 510 Depreciation Expense 518 Amortization Expense 520 Bad Debt Expense 540 Salaries Expense 560 Insurance Expense 599 Income Tax Expense 600 Dividends 120,000,000 267,000,000 73,230,000 Total 603,992,000 603,992,000 Pane in the Glass Company Income Statement For Year Ended December 31, 2018 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Total Operating Expenses Operating Income Other Items Income Before Tax Net Income
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