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Alphabet Inc. Transactions for the Year Ended 31 December 2021 Transaction Amount () Sales revenue 300,000 Cost of goods sold 180,000 Salaries and wages 35,000

Alphabet Inc.

Transactions for the Year Ended 31 December 2021

Transaction

Amount (£)

Sales revenue

300,000

Cost of goods sold

180,000

Salaries and wages

35,000

Rent expense

20,000

Depreciation expense

10,000

Marketing expense

15,000

Interest expense

5,000

Requirements:

  1. Prepare an income statement for Alphabet Inc. for the year ended 31 December 2021.
  2. Calculate the gross profit and net profit.
  3. Determine the total operating expenses.

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