FILL IN THE MISSING ITEMS (INCOME STATEMENTS) SALES COST OF GOODS SOLD $575,000

Question

FILL IN THE MISSING ITEMS (INCOME STATEMENTS) SALES COST OF GOODS SOLD $575,000 GROSS PROFIT $1,6000,000 GENERAL AND ADMINISTRATIVE EXPENSE $200,000 SELLING AND MARKETING EXPENSE -------------------------------------------------------- DEPRECIATION $50,000 OPERATING INCOME ------------------------------------------------------- INTEREST $100,000 INCOME BEFORE TAXES -------------------------------------------------------- INCOME TAXES (30%) ---------------------------------------------------------- NET INCOME $700,000

Explanation / Answer

Cost of Goods Sold and Income. Taxes.

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