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A D E G F 3 1. Build an INCOME STATEMENT using the accounts below for Green Company: 4 5 6 7 8 Sales Cost

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A D E G F 3 1. Build an INCOME STATEMENT using the accounts below for Green Company: 4 5 6 7 8 Sales Cost of Goods Sold Depreciation Expense Interest Expense Current Assets Net Fixed Assets Current Liabilities Long-Term Debt $202,000.00 $98,560.00 $9,800.00 $9,502.00 $63,520.00 $49,580.00 $21,250.00 $25,700.00 9 10 11 12 13 The corporate tax rate is 21% 14 15 16 17 Green Company Income Statement December 31, 2019 18 10 20 21 23 24 Earnings before interest and taxes Taxable income NET Income 23 20

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