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a. C. Suppose the division provided copy services to a customer for the discounted price of $243,380. Under normal conditions, Auto's would have provided these

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a. C. Suppose the division provided copy services to a customer for the discounted price of $243,380. Under normal conditions, Auto's would have provided these services for $283,000. Other revenues totalled $54,000. b. Salaries cost the division $21,500 to provide these services. The division had to pay employees overtime. Ordinarily, the salary cost for these services would have been $19,350. Other expenses totalled $245,000. Income tax expense was 35% of income before tax. d. Auto's has two operating divisions. Each division is accounted for separately to indicate how well each is performing. At year-end, Auto's combines the statements of divisions to show results for Auto's as a whole. e. Inflation affects the amounts that Auto's must pay for copy machines. To show the effects of inflation, net income would drop by $6,000. f. If Auto's were to go out of business, the sale of its assets would bring in $160,000 in cash. Requirement 1. Prepare the Special Contracts Division income statement for the year ended December 31, 2017 Begin by computing the leader, and then complete the body of the statement. (Round amounts to the nearest whole dollar. Use parentheses or a minus sign to indicate a netloss.) Revenue Total revenue Total operating expenses Expenses: Total operating expenses Net income a. C. Suppose the division provided copy services to a customer for the discounted price of $243,380. Under normal conditions, Auto's would have provided these services for $283,000. Other revenues totalled $54,000. b. Salaries cost the division $21,500 to provide these services. The division had to pay employees overtime. Ordinarily, the salary cost for these services would have been $19,350. Other expenses totalled $245,000. Income tax expense was 35% of income before tax. d. Auto's has two operating divisions. Each division is accounted for separately to indicate how well each is performing. At year-end, Auto's combines the statements of divisions to show results for Auto's as a whole. e. Inflation affects the amounts that Auto's must pay for copy machines. To show the effects of inflation, net income would drop by $6,000. f. If Auto's were to go out of business, the sale of its assets would bring in $160,000 in cash. Requirement 1. Prepare the Special Contracts Division income statement for the year ended December 31, 2017 Begin by computing the leader, and then complete the body of the statement. (Round amounts to the nearest whole dollar. Use parentheses or a minus sign to indicate a netloss.) Revenue Total revenue Total operating expenses Expenses: Total operating expenses Net income

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