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ABC Co. incurred a unit cost of $ 200 on products sold during year ended 12/31/03. Net Sales for the year totaled $ 6,000,000 and
ABC Co. incurred a unit cost of $ 200 on products sold during year ended 12/31/03.
Net Sales for the year totaled $ 6,000,000 and the Gross Profit Per Unit was $ 400. Operating Income was 50% of Gross Profit, and Income Tax Expense totaled $ 600,000 for the year. The After-Tax rate was 60%.
Based upon the aforementioned information, provide the Income Statement for ABC Co. for year ended 12/31/03.
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