Requirement 2. Prepare the income statement for the year ended March 31, 2010 Cl

Question

Requirement 2. Prepare the income statement for the year ended March 31, 2010 Click to view the information you will need to complete the income statement Data Table Vulture Sporting Goods Company Income Statement For the Year Ended March 31, 2010 Retained eamings Cost of goods sold S 136,800 1,300 6,000 27 37,000 12, S 2,000 Cash March 31, 2009 Accounts receivable Net revenues Total current liabilities All other expenses Other current assets Other assets 28 200 Properly and equipment, net 174,000 Common stock 53,000 Inventories 26.000 Long-term liabilities 5.200 Dividends 28,000 Choose from any list or enter any number in the input fields and then click Check parts Print Done Che

Explanation / Answer

Vulture Sporting Goods Company

Income Statement

For the year ended March 31,2010

Particulars

$ in Thousands

Net Revenue

174

Cost of goods Sold

136.8

All Other Expenses

26

Net Income (174-136.8-26)

11.2

Vulture Sporting Goods Company

Income Statement

For the year ended March 31,2010

Particulars

$ in Thousands

Net Revenue

174

Cost of goods Sold

136.8

All Other Expenses

26

Net Income (174-136.8-26)

11.2

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