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Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000

Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000

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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Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
Transcribed Image Text:Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
Transcribed Image Text:Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
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