With this Balance sheet fill in the income statement below

Cash				$ 58 000
Accounts receivable				49 000
Office supplies inventory				1 000
Automobiles (company cars)				34 000
Accumulated depreciation, automobiles					$ 14 000
Office equipment				3 000
Accumulated depreciation, office equipment					1 000
Accounts payable					22 000
Income taxes payable					-
Salaries and commissions payable					2 000
Notes payable, long-term					33 000
Capital stock (par $1; 33,000 shares)					33 000
Paid-in capital					5 000
Retained earnings (on April 1, 2018)					7 500
Dividends declared and paid during current year				10 500
Sales revenue					99 000
Cost of goods sold				33 000
Operating expenses (detail omitted)				19 000
Depreciation expense (on autos and including
$500 on office equipment)				8 000
Interest expense				1 000
Income tax expense (not yet computed) TAX RATE 25%
Totals				$ 216 500	$ 216 500

Write in the fill parts ex: sale 99000

fill					fill
fill					fill
Gross profit					Fill
Operating Expenses:
fill				fill
fill				fill
Total Operating expenses					fill
Income from operations					fill
fill					fill
Income before income taxes					fill
fill					fill
Net income					fill

Earnings per share Fill

Answer rating: 100% (QA)

Lets fill in the income statement Sales revenue 99000 Cost of goods sold 33000 Gross profi... View the full answer