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COMPREHENSIVE PROBLEMS Use the following 2019 financial statements for Extreme Edge to complete problems 6-1 to 6-3 Income Statements ($ in thousands) For the Years

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COMPREHENSIVE PROBLEMS Use the following 2019 financial statements for Extreme Edge to complete problems 6-1 to 6-3 Income Statements ($ in thousands) For the Years Ended December 31 2019 2018 2017 Sales revenues Cost of goods sold Gross profit Depreciation expense Amortization expense Other operating expenses Operating income Interest (financing) expense Pretax income Income tax expense (40%) Net income $1,340 $1,200 $1,000 685 660 655 540 120 400 100 200 368 82 70 40 10 30 2024 12 $ 18 50 60 $ 30 $ 36

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