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asap plz Kingbird Company Income Statement For the Year Ended December 31, 2022 $580,800 Sales revenue 420,000 Cost of goods sold 160,800 Gross profit Selling
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Kingbird Company Income Statement For the Year Ended December 31, 2022 $580,800 Sales revenue 420,000 Cost of goods sold 160,800 Gross profit Selling expenses $43,200 57,600 Administrative expenses 14,400 W 103,200 Income from operations 7,200 Interest expense 96,000 Income before income taxes 19,200 Income tax expense $ 76,800 Net income Additional data: 1. 2. Depreciation expense was $42.000. Dividends declared and paid were $48,000. During the year equipment was sold for $20,400 cash. This equipment cost $43,200 originally and had accumulated depreciation of $22,800 at the time of sale. 3. Kingbird Company Statement of Cash Flows Adjustments to reconcile net income to > > > > > > > > Compute free cash flow. (Show a negative free cash flow with either a-signes. - 15,000 or in parenthesis es (15,000) s Free cash flow Step by Step Solution
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