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Calculate the income statement for Google LLC for the fiscal year ending December 31, 2023. Include revenue, cost of goods sold, gross profit, operating expenses,

  1. Calculate the income statement for Google LLC for the fiscal year ending December 31, 2023. Include revenue, cost of goods sold, gross profit, operating expenses, other income/expenses, and net income. Use the following data:

Account

Amount ($)

Revenue

5,000,000

COGS

2,200,000

Administrative Expenses

500,000

Selling Expenses

300,000

Depreciation

200,000

Interest Expense

50,000

Gain on Sale of Equipment

25,000

Income Tax Expense

100,000

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