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Common las tatement analysis Acommon-sze income statement le Cook Entergener 2018 operations to Dong the form 2010 Income statumart develop the 2019 common sine income

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Common las tatement analysis Acommon-sze income statement le Cook Entergener 2018 operations to Dong the form 2010 Income statumart develop the 2019 common sine income stument and compare it to the 2018 Which are require further alysis and investigation Compless the common-site Income statement for the year ending December 31, 2019 and compare to the common se income statement for the year ending December 2018. Round to one decinat place) Commonsure income Statement for the Year Ended December 31, 2018 and December 2013 2010 2010 100.0 100 MON Costo de Groete LO pere 130 Lp 03 35 Testing 109 Nero 9 39 59 Les Proch divide 5.78 Erheber in the find then click Check Answ 100.0 % 66.0 34.0 % Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34,985,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense 13.0 % General and administrative expenses 6.3 Lease expense 0.3 Depreciation expense 3.5 Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders 23.1 10.9 % 1.1 9.8 % 3.9 5.9 % 0.2 5.7 % Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $29.970,000 Less: Cost of goods sold 21,014,000 Gross profits $8,956,000 Less: Operating expenses Selling expense $3,023,000 General and administrative expenses 1,785,000 Lease expense 166,000 Depreciation expense 986,000 Total operating expense 5,960,000 Operating profits $2,996,000 Less: Interest expense 956,000 Net profits before taxes $2,040,000 Less: Taxes (rate = 40%) 816,000 Net profits after taxes $1,224,000 Less: Preferred stock dividends 55,000 Earnings available for common stockholders $1,169,000

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