Question: using the assumptions provided below for the UWP Corporation, complete their income statement for the period ending December 31st, 2020 Assumptions (Income Statment): 1,000 Discontinued

using the assumptions provided below for the UWP Corporation, complete their income statement for the period ending December 31st, 2020

statement for the period ending December 31st, 2020 Assumptions (Income Statment): 1,000

Assumptions (Income Statment): 1,000 Discontinued Item operations 5,000 Freight/Transportation 5,000 Utilities 12,000 Tax Estimate 2,000 Non-recurring items 10,000 Proceeds from Training 55,000 Income (gross) 17,000 Rents - Annex Building 40,000 Manuscript sales 3,000 Packaging Material 2,000 Handling \& Storage 70,000 E-book online Sales 10,000 Receptionist 1,000 Line of Credit (p-card) 65,000 COGS 3,000 Insurance Premium Income Statement for the Year Ended 31st December 2020 UWP Corporation Gross profit Profit before tax Profit for the year

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