Bicycle Online Inc. Consolidated Statement of Income (Amount reported in U.S. dollars, except common share outstanding)
	Twelve months ended
	Dec 31, 2018	Dec 32, 2017
Sales revenue	310,000	311,000
Costs of goods and services	56,000	56,000
Financial interest expenses	19,000	18,000
Legal Fees	7,000	7,000
Gross Profit	228,000	230,000
Selling and administration costs	22,000	23,000
Research and development costs	12,000	10,000
Interest expenses	10,000	9,000
Income from operations	184,000	188,000
Nonoperating income	59,000	58,000
Income from continuing operations	243,000	246,000
Income tax expense	29,000	28,000
Net income	214,000	218,000
Earnings per common share
Basic	1.02	1.04
Weighted average common share outstanding
Basic	209	209

Exercise 4-2: An income statement in iXBRL format In this exerci se, you will create an iXBRL formatted Income statement for Bicycles Online, Inc. In Exercise 3-2, you looked up the element names in the US GAAP 2018 BRL. taxonomy and used them to create a standard XBRI instance document. As covered in this chapter, you will use those same element names and their attributes in ix container elements and the appropriate HTML coding to create an iXBRL formatted income statement. The end result should appear as follows: You can use the iXBRL instance document you created in Interactive exercise 4-1 (e.g. BicyclesBalanceSheetWithOneltem.xml) as a starting point. Remember, for an income statement you need two period elements containing startDate and endDate elements and two unit elements- one for US dollars and another for shares. Enter all of Bicycles Online income statement line items within ix elements formatted as closely as possible to achieve the desired Web page shone above. As you are creating your iXBRL instance document, save it and open it in your browser frequently to make sure it is well-formed. When finished, save it with a.xml extension and turn it in attached to an email. Your instructor may have additional requirements. Exercise 4-2: An income statement in iXBRL format In this exerci se, you will create an iXBRL formatted Income statement for Bicycles Online, Inc. In Exercise 3-2, you looked up the element names in the US GAAP 2018 BRL. taxonomy and used them to create a standard XBRI instance document. As covered in this chapter, you will use those same element names and their attributes in ix container elements and the appropriate HTML coding to create an iXBRL formatted income statement. The end result should appear as follows: You can use the iXBRL instance document you created in Interactive exercise 4-1 (e.g. BicyclesBalanceSheetWithOneltem.xml) as a starting point. Remember, for an income statement you need two period elements containing startDate and endDate elements and two unit elements- one for US dollars and another for shares. Enter all of Bicycles Online income statement line items within ix elements formatted as closely as possible to achieve the desired Web page shone above. As you are creating your iXBRL instance document, save it and open it in your browser frequently to make sure it is well-formed. When finished, save it with a.xml extension and turn it in attached to an email. Your instructor may have additional requirements