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Current Attempt in Progress You are given the following information about Carla Vista Plumbing Company. Revenues in 2020 totaled $973.00, depreciation expenses $100.00, costs
Current Attempt in Progress You are given the following information about Carla Vista Plumbing Company. Revenues in 2020 totaled $973.00, depreciation expenses $100.00, costs of goods sold $384.00, and interest expenses $59.00. At the end of the year, current assets were $128.00 and current liabilities were $109.00. The company has an average tax rate of 29.00 percent. Calculate its net income by setting up an income statement. (Round answers to 2 decimal places, e.g. 15.25.) Carla Vista Plumbing Company Income Statement For the Year Ended December 31, 2020 Revenues Cost of Goods Sold Expenses Depreciation Amount $ $ Earnings Before Interest, Taxes, Depreciation, and Amortization $ Interest Earnings Before Interest and Taxes $ 973.00 384 100
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