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Course Code ACT 501 Course Title Financial and Managerial Accounting Complete the given below Income statement & write the formula with your correct answers. Income

Course Code ACT 501
Course Title Financial and Managerial Accounting

Complete the given below Income statement & write the formula with your correct answers.

Income Statement

Items $
Revenue 5000
Cost of Goods Sold (COGS) .......................... (A)
Gross Income/Margin 3000
Expenses:
Marketing & Promotions 300
General & Administrative 400
Depreciation 100
Interest Paid 200
Total Expenses 1000
Earnings Before Tax ............................. (B)
Taxes 500
Net Income .............................. (C)

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