Please see the picture below. I need help making a retained earnings statement, a balance statement, a comprehensive income statement and calculate the profit margin and the gross profit rate for the income statement I've included. Note that I have included the Income statement below. Cash $ 112,987 Accounts Receivable $ 345,078 Coffee & Library Supplies $56,234 Rent Expense $3,550 Sales $32,097 Accounts Payable $10,087 Adverting Expense $3,450 Net Income $10,000 Gross Profit $45,000 Cost of Goods $55,309
Please see the picture below. I need help making a
Cash $ 112,987
Accounts Receivable $ 345,078
Coffee & Library Supplies $56,234
Rent Expense $3,550
Sales $32,097
Accounts Payable $10,087
Adverting Expense $3,450
Net Income $10,000
Gross Profit $45,000
Cost of Goods $55,309
![Sales
32097
Less: Cost of goods sold
55309
Gross margin
-23212
Operating expenses
Rent expense
3550
Advertising expense
3450
Total operating expense
7000
Other revenues and expense
Total of other expense
30212
Net loss before taxes
Income tax expense
30212
Net loss](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ed1be48-7da0-4374-897d-409d80e10f7e%2F097377de-e0ff-45b0-a5ba-f19d7c2805a3%2Fabtbub_processed.jpeg&w=3840&q=75)
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