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1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00

1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00
Transcribed Image Text:1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00
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