1 Unscramble the Income Statement 2 3 Eloi Industries produces and sells picnic tables and lawn furniture. Using the accounts at the right, prepare Eloi's Income Statement (for the period ended Dec 31/2X). 6 7 1. First, Classify the scrambled accounts using the four (4) codes below. s Sales Revenue (SR) Cost of Goods Sold (COGS) 10 Operating Expenses (OE) 1 Other (0) 2 3 2. Assemble the accounts to prepare Eloi's Income Statement. 4 5 6 Eloi Industries Income Statement 7 8 9 Classification 0 1 2 3 4 5 6 7 8 9 B 0 Accounts C Paint, enamel etc. Salaries Advertising Returns Gross Sales Revenue Interest Charges Raw Materials Income taxes Administrative Overhead Depreciation Discounts D M $175,000 $180,000 $23,000 $5,500 $1,350,000 $10,000 $355,000 $100,000 $112,000 $38,000 $25.000 E F

Unseramble the Income statement Elor industries produces and selis picnic tables and lawn furmare Using the acoounts at the right prepare Elov's income Staternent (for the period ended Dec 31/2x ) 1. First, Classify the scrambled accounts using the four (4) codes below. Sales Revenue (SR) Cost ol Goods Sold (COGS) Operating Expenses (OE) Other (O) 2. Assemble the accounts to prepare Elor's Income Statement. Eloi Induatries Income Statement Classification Accounts Paint, enamel etc Salaries Advertising Returns Gross Sales Revenue Interest Charges Raw Materials income taxes Administrative Ovmhead Depreciation $175,000 $180,000 $23,000 $5,500 $1,350,000 $10,000 $355,000 $100,000 $112,000 $38,000 $25,000 Unscramble the Income Statement Eloi Industries produces and sells picnic tables and lawn furniture. Using the accounts at the right, prepare Elor's Income Statement (for the period ended Dec 31/2X ). 1. First, Classify the scrambled accounts using the four (4) codes below. Sales Revenue (SR) Cost of Goods Sold (COGS) Operating Expenses (OE) Other (0) 2. Assemble the accounts to prepare Eloi's Income Statement. Eloi Industries Income Statement Classification Accounts Paint, enamel etc. Salaries Advertising Returns Gross Sales Revenue Interest Charges Raw Materials Income taxes Administrative Overhead Depreciation Discounts Metal Fasteners (screws, b Freight out Office Supplies Other Income $175,000 $180,000 $23,000 $5,500 $1,350,000 $10,000 $355,000 $100,000 $112,000 $38,000 $25,000 $20,500 $72,500 $50,500 $50,000 Unseramble the Income statement Elor industries produces and selis picnic tables and lawn furmare Using the acoounts at the right prepare Elov's income Staternent (for the period ended Dec 31/2x ) 1. First, Classify the scrambled accounts using the four (4) codes below. Sales Revenue (SR) Cost ol Goods Sold (COGS) Operating Expenses (OE) Other (O) 2. Assemble the accounts to prepare Elor's Income Statement. Eloi Induatries Income Statement Classification Accounts Paint, enamel etc Salaries Advertising Returns Gross Sales Revenue Interest Charges Raw Materials income taxes Administrative Ovmhead Depreciation $175,000 $180,000 $23,000 $5,500 $1,350,000 $10,000 $355,000 $100,000 $112,000 $38,000 $25,000 Unscramble the Income Statement Eloi Industries produces and sells picnic tables and lawn furniture. Using the accounts at the right, prepare Elor's Income Statement (for the period ended Dec 31/2X ). 1. First, Classify the scrambled accounts using the four (4) codes below. Sales Revenue (SR) Cost of Goods Sold (COGS) Operating Expenses (OE) Other (0) 2. Assemble the accounts to prepare Eloi's Income Statement. Eloi Industries Income Statement Classification Accounts Paint, enamel etc. Salaries Advertising Returns Gross Sales Revenue Interest Charges Raw Materials Income taxes Administrative Overhead Depreciation Discounts Metal Fasteners (screws, b Freight out Office Supplies Other Income $175,000 $180,000 $23,000 $5,500 $1,350,000 $10,000 $355,000 $100,000 $112,000 $38,000 $25,000 $20,500 $72,500 $50,500 $50,000