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jjblaze82
Guest
Income Statement Items:
Administrative Expense: $20,588
Cost of Goods Sold: $246,864
Income Tax Expense: $71267
Interest Expense: $1,803
Sales Revenue: $361,026
Salary and Wage Expense: $21,367
Sel!ing Expense: $44,795
1.) Prepare income statement
2.) I have the retained earnings difference from the last year ($81627) and this year ($99969) where does that factor in to determining net income?
THANKS!
Administrative Expense: $20,588
Cost of Goods Sold: $246,864
Income Tax Expense: $71267
Interest Expense: $1,803
Sales Revenue: $361,026
Salary and Wage Expense: $21,367
Sel!ing Expense: $44,795
1.) Prepare income statement
2.) I have the retained earnings difference from the last year ($81627) and this year ($99969) where does that factor in to determining net income?
THANKS!