An incomplete comparative income statement and balance sheet for Emore Use trend percentages, common size percentages, and ratios to Corporation follow:

{Requirement}
Using the ratios, common-size percentages, and trend percentages given, complete the income statement and balance sheet for Emore for 2020. Additional information:

Transcribed Image Text:

1 A Emore Corporation Comparative Income Statements Years Ended December 31, 2020 and 2019 23 2 3 Sales revenue 4 Cos: of goods sold 5 Gross profit 6 Operating expense 7 Operating income 8 Interest expense 196 Income before income tax 10 Income tax expense (30%) 11 Net income 12 B C 2020 $ 2,100,000 2019 $2,000,000 2 1.200,000 ? 900,000 ? ? 700,000 200,000 20,000 . 20,000 ? ? 180,000 54,000 $ 126,000