Costs of goods sold and Incone tax expense

(gray cells auto calculate)

92 28 9 Complete the income statement using the information below. Cost of goods sold is 62.3% of net sales. The corporate tax rate is 35% and the effective tax rate of the company is 18% 2019 Net sales s 10,698 Cost of goods sold Gross profits 10.698 General and administrative expenses 1,160 Selling expenses 835 Operating profits 8,703 Income tax expense Net profits