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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,
- 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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