INCOME STATEMENT DATA FOR BEZOS COMPANY FOR THE YEARS ENDED DECEMBER 31, 2014 and 2013, ARE AS FOLLOWS 2014 2013 SALES 840,000 600,000 COGS 724,500 525,000 GROSS PROFIT 115,500 75,000 SELLING EXPENSES 52,500 37,500 ADMINISTRATIVE EXPENSES 41,400 30,000 TOTAL OPERATING EXPENSES 93,900 67,500 INCOME BEFORE INCOME TAX 21,600 7,500 INCOME TAX EXPENSE 10,800 2,700 NET INCOME 10,800 4,800 PREPARE A COMPARATIVE INCOME STATEMENT WITH HORIZONTAL ANALYSIS, INDIATING THE INCREASE (DECREASE) FOR 2014 WHEN COMPARED WITH 2013. ROUND TO ONE DECIMAL PLACE.
INCOME STATEMENT DATA FOR BEZOS COMPANY FOR THE YEARS ENDED DECEMBER 31, 2014 and 2013, ARE AS FOLLOWS
2014 2013
SALES 840,000 600,000
COGS 724,500 525,000
GROSS PROFIT 115,500 75,000
SELLING EXPENSES 52,500 37,500
ADMINISTRATIVE EXPENSES 41,400 30,000
TOTAL OPERATING EXPENSES 93,900 67,500
INCOME BEFORE INCOME TAX 21,600 7,500
INCOME TAX EXPENSE 10,800 2,700
NET INCOME 10,800 4,800
PREPARE A COMPARATIVE INCOME STATEMENT WITH HORIZONTAL ANALYSIS, INDIATING THE INCREASE (DECREASE) FOR 2014 WHEN COMPARED WITH 2013. ROUND TO ONE DECIMAL PLACE.
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