13-4

Exercise 13-4 Operating data for Indigo Corporation are presented below. 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $827,400 524,600 123,000 74,000 37,800 68,000 $647,900 413,600 78,400 54,000 26,600 75,300 INDIGO CORPORATION 2017 2016 Percent Amount $827,400 524,600 302,800 123,000 74,000 Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense Amount % $647,900 %413,600 96 234,300 96 78,400 54,000 96 132,400 % 101,900 % 26,600 % $75,300 197,000 105,800 37,800 s 68,000 Net income LINK TO TEXT VIDEO: APPLIED SKILLS