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Can I get help filling out the income statement please? begin{tabular}{|l|r|r|} hline Income Statement & & hline & multicolumn{2}{|c|}{ Consolidated Net Income }
Can I get help filling out the income statement please?
\begin{tabular}{|l|r|r|} \hline Income Statement & & \\ \hline & \multicolumn{2}{|c|}{ Consolidated Net Income } \\ \hline Item & Dr. & Cr. \\ \hline Sales - Coffee & & $230,000 \\ \hline Sales - Beans & & $74,900 \\ \hline Sales - Other & & $24,500 \\ \hline Allowance for Returns - beans & $4,500 & \\ \hline Allowance for Returns - other & $1,050 & \\ \hline Cost of goods sold - coffee & $146,250 & \\ \hline Cost of goods sold - beans & $25,855 & \\ \hline Cost of goods sold - other & $11,025 & \\ \hline Selling expenses & $20,800 & \\ \hline Professional fees & $12,817 & \\ \hline Depreciation - Bldg & $1,323 & \\ \hline Depreciation - Equipment & $3,700 & \\ \hline Bad debt expense & $12,000 & \\ \hline Administrative salaries & $38,500 & \\ \hline Other SG\&A expenses & $13,396 & \\ \hline Interest income money market & & \\ \hline Interest expense - note payable & $5,500 & \\ \hline Interest expense - Revolving Credit & & \\ \hline Interest Exp. Amortization of debt set up & $1,313 & \\ \hline Acquisition expense & & \\ \hline Income tax provision & $19,100 \\ \hline Income from Newark Coffee & \\ \hline Net Income (Loss) & & \\ \hline \end{tabular} Conenlidated Multi-Sten Income StatementStep by Step Solution
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