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Budgeted Income Statement Data Table begin{tabular}{lr} hline Interest revenue for the year & $2,000 Interest expense for the year & $1,500 LearnCo's income
Budgeted Income Statement Data Table \begin{tabular}{lr} \hline Interest revenue for the year & $2,000 \\ Interest expense for the year & $1,500 \\ LearnCo's income tax rate & 40% \end{tabular} Learnco Budgeted Income Statement For the Year Ending December 31, 20 Y2 Revenue from sales Cost of goods sold Gross profit Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Operating income Other revenue and expense: Interest revenue Interest expense Income before income tax Income tax Net income Check My Work
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