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The following information is available for Seamons Capital. Solve for the missing amounts. Seamons Capital Income Statement For the year ended December 31, 2024 Service revenue Cost of services Gross profit Selling and administrative expenses Depreciation expense Operating income Interest expense Loss on sale of investments Pre-tax Income Income tax expense Net Income $ 150,000 166,000 12,000 25,000 (76,000) 35,000 4,000 (76,000) 30,000 (106,000)

The following information is available for Seamons Capital. Solve for the missing amounts. Seamons Capital Income Statement For the year ended December 31, 2024 Service revenue Cost of services Gross profit Selling and administrative expenses Depreciation expense Operating income Interest expense Loss on sale of investments Pre-tax Income Income tax expense Net Income $ 150,000 166,000 12,000 25,000 (76,000) 35,000 4,000 (76,000) 30,000 (106,000)

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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The following information is available for Seamons Capital. Solve for the missing amounts. For the year ended December 31, 2024 Service revenue Cost of services Gross profit Seamons Capital Income Statement Selling and administrative expenses Depreciation expense Operating income Interest expense Loss on sale of investments Pre-tax Income Income tax expense Net Income $ 150,000 166,000 12,000 25,000 (76,000) 35,000 4,000 (76,000) 30,000 (106,000)
Transcribed Image Text:The following information is available for Seamons Capital. Solve for the missing amounts. For the year ended December 31, 2024 Service revenue Cost of services Gross profit Seamons Capital Income Statement Selling and administrative expenses Depreciation expense Operating income Interest expense Loss on sale of investments Pre-tax Income Income tax expense Net Income $ 150,000 166,000 12,000 25,000 (76,000) 35,000 4,000 (76,000) 30,000 (106,000)
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