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Solve for fy22 sales and depreciation a on the 2022 income statement. remember to reference the growth rate provided by Paul.of 0.141   FY21 FY22 Sales $24884886 Blank Cost of Goods Sold $19659044   Other Expenses $2735335   Depreciation $995395 Blank Taxable Income $1493092   Taxes (21%) $313549   Net Income $1179543   Dividends $500,000   Add. to Retained Earnings $679543

Solve for fy22 sales and depreciation a on the 2022 income statement. remember to reference the growth rate provided by Paul.of 0.141   FY21 FY22 Sales $24884886 Blank Cost of Goods Sold $19659044   Other Expenses $2735335   Depreciation $995395 Blank Taxable Income $1493092   Taxes (21%) $313549   Net Income $1179543   Dividends $500,000   Add. to Retained Earnings $679543

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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Solve for fy22 sales and depreciation a on the 2022 income statement. remember to reference the growth rate provided by Paul.of 0.141

  FY21 FY22
Sales $24884886 Blank
Cost of Goods Sold $19659044  
Other Expenses $2735335  
Depreciation $995395 Blank
Taxable Income $1493092  
Taxes (21%) $313549  
Net Income $1179543  
Dividends $500,000  
Add. to Retained Earnings $679543
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