Sales revenue 100000 Less- COGS 60000 Gross profit 40000 Operating expenses Selling expense Advertising expense 4500 4500 Administrative expense supplies expense 1500 rent expense 4000 salaries expense 9500 utilities expense 1100 16100 Total operating expenses 20600 Operating income 19400 Non operating income and expenses loss of sale on land (3200) Less- interest expense 6900 Net Other Incomes and Expenses (10100) Net income before tax 9300 Less- Income tax 3800 Earnings after tax 5500Income statement Sales revenue 100000 Less- COGS 60000 Gross profit 40000 Operating expenses Selling expense Advertising expense 4500 4500 Administrative expense supplies expense 1500 rent expense 4000 salaries expense 9500 utilities expense 1100 16100 Total operating expenses 20600 Operating income 19400 Non operating income and expenses loss of sale on land (3200) Less- interest expense 6900 Net Other Incomes and Expenses (10100) Net income before tax 9300 Less- Income tax 3800 Earnings after tax 5500 Solution Sales revenue 100000 Less- COGS 60000 Gross profit 40000 Operating expenses Selling expense Advertising expense 4500 4500 Administrative expense supplies expense 1500 rent expense 4000 salaries expense 9500 utilities expense 1100 16100 Total operating expenses 20600 Operating income 19400 Non operating income and expenses loss of sale on land (3200) Less- interest expense 6900 Net Other Incomes and Expenses (10100) Net income before tax 9300 Less- Income tax 3800 Earnings after tax 5500Income statement Sales revenue 100000 Less- COGS 60000 Gross profit 40000 Operating expenses Selling expense Advertising expense 4500 4500 Administrative expense supplies expense 1500 rent expense 4000 salaries expense 9500 utilities expense 1100 16100 Total operating expenses 20600 Operating income 19400 Non operating income and expenses loss of sale on land (3200) Less- interest expense 6900 Net Other Incomes and Expenses (10100) Net income before tax 9300 Less- Income tax 3800 Earnings after tax 5500.