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