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Create a statement of income for the fields in the below image : Please don't give answer & formulae in image based format.. thanku

Create a statement of income for the fields in the below image : Please don't give answer & formulae in image based format.. thanku

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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Create a statement of income for the fields in the below image :

Please don't give answer & formulae in image based format.. thanku

Crane Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $82,100 $4,400 $2,400 $13,600 $8,100 $48,100 $17,800 $599,000 $13,900 $96,900 $297,100 $13,200 $36,400 Interest Expense Land Office salaries Sales Salaries Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory $9,600 $24,500 $74,300 $100,200 $17,800 $9,100 $21,300 $7,300 $15,000 $19,400 $23,700
Transcribed Image Text:Crane Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $82,100 $4,400 $2,400 $13,600 $8,100 $48,100 $17,800 $599,000 $13,900 $96,900 $297,100 $13,200 $36,400 Interest Expense Land Office salaries Sales Salaries Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory $9,600 $24,500 $74,300 $100,200 $17,800 $9,100 $21,300 $7,300 $15,000 $19,400 $23,700
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