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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

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  • 3. 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)
  • 4. 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
  • 5. 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