Please see the attached and assist with below question. Using the “Aggregates” worksheet, complete all for

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Please see the attached and assist with below question.

Using the “Aggregates” worksheet, complete all formulas.

Storme Imports Company (SlC)
Tax Rate
COMPARITIVE INCOME STATEMENT
30%
for years ended 31 December
2018
2019
1,420,000 $
$
$
$
$
2,485,000
895,125
*Sales revenue
$
*Interest revenue
511,500 $
*Investment Income
52,500 $
91,875
89,500 $
2,073,500 $
*Other revenue
156,625
Discuss with CEO and Consulting Team
3,628,625
Expenses and losses
**Cost of goods sold
**Selling and admin administrative
***Computer (operating)
**Depreciation
$
$
460,000 $
195,000 $
575,000
243,750
$
$
$
$
55,000 $
25,200 $
735,200 $
68,750
31,500
**Interest expense
Total expenses and losses
919,000
2,709,625
1,338,300 $
$
$
|Income before taxes
Income tax expense (30%)
Net Income
401,490 $
812,888
936,810 $
1,896,738
Transcribed Image Text:Storme Imports Company (SlC) Tax Rate COMPARITIVE INCOME STATEMENT 30% for years ended 31 December 2018 2019 1,420,000 $ $ $ $ $ 2,485,000 895,125 *Sales revenue $ *Interest revenue 511,500 $ *Investment Income 52,500 $ 91,875 89,500 $ 2,073,500 $ *Other revenue 156,625 Discuss with CEO and Consulting Team 3,628,625 Expenses and losses **Cost of goods sold **Selling and admin administrative ***Computer (operating) **Depreciation $ $ 460,000 $ 195,000 $ 575,000 243,750 $ $ $ $ 55,000 $ 25,200 $ 735,200 $ 68,750 31,500 **Interest expense Total expenses and losses 919,000 2,709,625 1,338,300 $ $ $ |Income before taxes Income tax expense (30%) Net Income 401,490 $ 812,888 936,810 $ 1,896,738
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