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Calabasa Corporation 2019 Income Statement 2018 (in Thousands) Revenues Cost of goods sold $14,750 (11,100) Other expenses (1,300) (1,200) Income before income taxes 1,520
Calabasa Corporation 2019 Income Statement 2018 (in Thousands) Revenues Cost of goods sold $14,750 (11,100) Other expenses (1,300) (1,200) Income before income taxes 1,520 1,870 ? (655) Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends Ending balance $2,680 (92) (70) $3,825
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