Need help with question 2 k PageBreakeesTablevTablesPictures Shapes IconsSales RevenuesCost of Goods SoldGross ProfitOperating ExpensesSelling expensesAdministrative expensesTotal Operating ExpensesEarnings Before TaxesIncome TaxesNet IncomeSales-Cost of goods soldE= Gross profit3DModels VThis problem is not related to the above problemOperating expensesEarnings Before TaxesIncome Taxes (50%)Net incomeIllustrations.1 of 4 310 words DX Text Predictions: On1 USD/JPY+1.33%Jason's Furniture GalleryIncome StatementDecember 31, 20212. Fill in the missing amounts in all of the blanks on the four income statements.Fo+SmartArt Chart Screenshota.$50,00034,00016,0009,0003,500W4 - Income Statement Exercise #2.docx$(b) $105,00060,000b.Accessibility: Investigate$80,00050,00040,00020,000C.OnlineVideos$75,000▬▬▬▬10,00015,00015,000MediaQ SearchLink Bookmark Cross-referenceV$455,000(a) $245,000$210,000d.Links165,000$(c) $45,00021,000$(d )$24,000$100,00040,00060,00020,000I

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2. Fill in the missing amounts in all of the blanks on the four income statements. Sales Cost of goods sold Gross profit Operating expenses Earnings Before Taxes -Income Taxes (50%) = Net income a. $50,000 34,000 16,000 9,000 3,500 b. $80,000 50,000 40,000 20,000 C. $75,000 10,000 15,000 15,000 d. $100,000 40,000 60,000 20,000 I

2. Fill in the missing amounts in all of the blanks on the four income statements. Sales Cost of goods sold Gross profit Operating expenses Earnings Before Taxes -Income Taxes (50%) = Net income a. $50,000 34,000 16,000 9,000 3,500 b. $80,000 50,000 40,000 20,000 C. $75,000 10,000 15,000 15,000 d. $100,000 40,000 60,000 20,000 I

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.13MCE

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