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The following is summary of information presented on financial performance of Delta Company on December 31, 2021. Accounts 2021 Net Sales $7,000 Cost of Goods

The following is summary of information presented on financial performance of Delta Company on December 31, 2021.

Accounts

2021

Net Sales

$7,000

Cost of Goods Sold

$3,800

Selling Expenses

$950

Administrative expenses

$670

Interest Revenue

0

Interest Expense

$750

Income Tax Expense

$150

As a Financial Analyst, you are asked to prepare the income statement and analyze vertically the statement of the company in 2021.

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