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Can you explain how pretax income was calculated on the income statement? Income Statement Service Sales Product Sales Cost of goods sold Gross profit General
Can you explain how pretax income was calculated on the income statement?
Income Statement Service Sales Product Sales Cost of goods sold Gross profit General and Administrative expense Shipping expense (Fulfillment expense) Technology expense Deprecation expense Marketing expense Operating Income Other expense Other income Interest expense Interest Income Pre-tax Income Income tax expense Net profit Statement of Retained Earnings 41 , 322 94,665 88,265 47,722 2,432 17,619 16,085 167 7,233 4,186 96 90 100 3,796 1,425 2,371 Retained earnings, beginning Net profit for the period Retained earnings, ending 2,545 2,371 4,916
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