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APF4A Using Exalt sent a Statement of Income PROBLEM The statement of fo De Masing the 2000 is pl DITURE MANUFACTURING INC Statement of e

APF4A Using Exalt sent a Statement of Income PROBLEM The statement of fo De Masing the 2000 is pl DITURE MANUFACTURING INC Statement of e Fe the year ed Ober 31 3018 in theands of dollan) Sales reve 2020 2019 $1,364 2018 " Cmit of goods and 949 Gross margi 637 4 Operating expenses " Store espeses 136 412 " Administrative expenses 331 109 59 " Depreciation expense 110 98 20 Operating income 283 270 145 21 Investment income 10 7 12 Financing expenses 24 18 Earnings before income taxes 269 142 Income tax expense 32 28 Net eaming $215 $ 208 26 27 Cover Page Q1 Q2 Q3 04 Calculation Mode Automatic Workbook Stanst Calculate the using the s 2020 Sales 2019 Garg Cod of goods sold Eamings before income taxes Investment income 2018 Se Sebook Adem 2N3 143 a 24 18 249 13 143 26 Net 3 215 Cover Page 01 02 03 04 Calidation Made Automate Wkbook States Deprciation se Net earnings Typ

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