3Please fill out income statements based on data table provided guarData tab6ended dec 31,2018 +2017grs.20182017otal relenueexpensesosts of goods soldrellinglgeneral expenses a3a,000.nterestexpenses.ncome tax expensetotal expensesNet income852,000912,000$402,000$ 4081000264,0009,200831000F96,200125,80010,50084,000766,500145,000726,200 brt seANG &OUPSAINCOME STATEMENTSyrs ended 31, dec 2018 +2017Increase (decrease).Amount percenta ge852,000J20182017$912,000total revenueexpensescosts of good soldsellingt generalexplensesinterest expenses 9,200uncome tadexpenedo faleapense$852,000402,000 408,0002321000264,00010,s0083,00084.000145,S00125,800

Formula: Net income = Revenues - expenses.

Data table ended dec 31,2018 +2017 grs 2018 2017 912,000 otal reenue expenses. osts of goods sold. ellinglgeneral expences a32,000 nterestexpenses. 852,000 $ 4081000 264,000 10,500 84,000 $402,000 9,200 $31000 tax expense

Data table ended dec 31,2018 +2017 grs 2018 2017 912,000 otal reenue expenses. osts of goods sold. ellinglgeneral expences a32,000 nterestexpenses. 852,000 $ 4081000 264,000 10,500 84,000 $402,000 9,200 $31000 tax expense

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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Question

3 Please fill out income statements based on data table provided

guar
Data tab6
ended dec 31,2018 +2017
grs.
2018
2017
otal relenue
expenses
osts of goods sold
rellinglgeneral expenses a3a,000.
nterestexpenses.
ncome tax expense
total expenses
Net income
852,000
912,000
$402,000
$ 4081000
264,000
9,200
831000
F96,200
125,800
10,500
84,000
766,500
145,000
726,200

brt se
ANG &OUPSA
INCOME STATEMENTS
yrs ended 31, dec 2018 +2017
Increase (decrease).
Amount percenta ge
852,000
J2018
2017
$912,000
total revenue
expenses
costs of good sold
sellingt general
explenses
interest expenses 9,200
uncome tad
expene
do fal
eapense
$852,000
402,000 408,000
2321000
264,000
10,s00
83,000
84.000
145,S00
125,800

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