Construct income statements for two companies:

complete the income statements for company B below:

Income statement a. Company A and Company have taken different approaches to selling glassware. Company A has decided to make glass stemware that sells for a premium at $17.73 per glass. Company B has decided to make a less expensive glassware (without stems) that sells for $12.76 per glass. Last year, Company A sold 18,013 stemmed glasses, Company B sold 1,388,637 glasses. Given the following additional information about each firm in the popup window, m.construct income statements for the two companies, and see which company had the higher gross profit revenue minus cost of goods sold), higher EBIT, higher taxable income, higher net income, and higher OCF b. Company is thinking of upgrading the quality of its glassware Doing so will cause its cost per un to nse by 17%, but it believes it can raise its price by 30%. Its sales volume will fall by 11% (89% of its current volume) However, letting the market know that it has better quality glassware will require a doubling of the current selling general, and administrative cost. Using a spreadsheet redo Company B's income statement for this scenario Does it improve net income and operating cash flow for Company B? How does the company now compare to Company A? Required in the spreadsheet use a separate cell for each piece of information, and then construct the income statement by using a formula or cell reference for each individual line of the statement a. Construct income statements for the two companies Complete the income statement for Company A below. (Round to the newest dollar) Company er quality g ompany B1 for each pl = Hual line of th Company B (without stems) Danies Information below. (Rol Company Cost per unit of glassware Fixed costs Selling, general, and administrative expenses Depreciation expense Interest expense Tax rate Company A (stemware) $8.13 $1,245,768 $784 122 $1.488.839 $500.245 35.0% $6.68 $1,354,772 $583,096 $1,137,028 $698,028 35.0% Income Statement Company B Revenue GA $ $ Cost of Goods Sold Gross Margin or Profit Fixed Costs Selling, General and Adm. Cost Depreciation Expense CA $ A EBIT $ Interest Expense Taxable income $ Taxes 5 Net Income $ Operating Cash Flow Enter any number in the edit fields and then click Check