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Assume that Taft Corp Year 5 had the following changes to year 4 . 1 . Sales for each segment increased by 2 0 %

Assume that Taft Corp Year $5$ had the following changes to year $4 .$

$1 .$ Sales for each segment increased by $20 %,$

$2 .$ Expenses Decreased by $15 %$

$3 .$ indirect Expenses was $ $500$

Requirement: Prepare an income statement to reflect Taft Corp profit for external reporting purposes.

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Assume that Taft Corp Year 5 had the following changes to year 4 . 1 . Sales for each segment increased by 2 0 %

Assume that Taft Corp Year 5 had the following changes to year 4. 1. Sales for each segment increased by 20%, 2. Expenses Decreased by 15% 3. indirect Expenses was $500 Requirement: Prepare an income statement to reflect Taft Corp profit for external reporting purposes.

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Assume that Taft Corp Year $5$ had the following changes to year $4 .$

$1 .$ Sales for each segment increased by $20 %,$

$2 .$ Expenses Decreased by $15 %$

$3 .$ indirect Expenses was $ $500$

Requirement: Prepare an income statement to reflect Taft Corp profit for external reporting purposes.