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BE4.2 (LO2) Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2019. Expenses for 2019 were cost of goods sold $1,450,000,

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BE4.2 (LO2) Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2019. Expenses for 2019 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate is 30%. The company had 100,000 shares authorized and 70,000 shares issued and outstanding during 2019. Prepare an income statement for the year ended December 31, 2019. BE4.3 (LO2, 3) Presented below is some financial information related to Volaire Group, a service company. Revenues 800,000 Income from continuing operations 100,000 Comprehensive income 120,000 Net income 90,000 Income from operations 220,000 Selling and administrative expenses 500,000 Income before income tax 200,000 Compute the following: (a) other income and expense, (b) financing costs, (c) income tax, (d) discontinued operations, and (e) other comprehensive income

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