dmp takeAssignmentSessionLocator assignment-take Prepare the following statements on separate sheets of paper. Then use your statements to provide the information requested below. Check My Work a. As the assistant accounting manager for Jefferson Airplane Parts, Inc., construct an income statement with vertical analysis for the first quarter of 2016 from the following information: gross sales, $238,000; sales discounts, $43,500; beginning inventory, Jan. 1, $85,700; ending inventory, March 31, $103.400; net purchases, $76,300; total operating expenses, $108,000; and income tax, $13,450. Enter the information from the last four lines of your statement as requested below. Do not enter the percent symbol in your answers. Round percents to the nearest tenth. Enter all amounts as positive numbers. Jefferson Airplane Parts, Inc. Income Statement January 1 to March 31, 2016. Operating Expenses 108000 X Income before Taxes X 3. 9. 10. 11 X Income Tax 12 $ 13450 X Net Income 13. X X 14 15 b. You have just received a report with the second-quarter figures. Prepare a comparative income statement with horizontal analysis for the first and second quarter of 2016: gross sales, $295,000; sales discounts, $40,900; beginning inventory, April 1, $103,400; ending inventory, June 30, 596,580; net purchases, $83,520 total operating expenses, $124,900; and income tax, $16,300. Enter the information from the last four lines of your statement as requested below. Do not enter the percent symbol in your answers. Round percents to the nearest tenth. Enter all amounts as positive numbers. Jefferson Airplane Parts, Inc. Comparative Income Statement First and Second Quarter, 2016. TAL ENG 10:47 PM 5/20/2020 5 1 Type here to search 12 111 410 brech D wysig SX TETE TURLI - assignments damp;takeAssignmentSessionLocator=assignment-take Net Income 3. > 14. 15. b. You have just received a report with the second-quarter figures. Prepare a comparative income statement with horizontal analysis for the first and second quarter of 2016: gross sales, $295,000; sales discounts, $40,900; beginning inventory, April 1, $103,400; ending inventory, June 30, $96,580; net purchases, $83,520; total operating expenses, $124,900; and income tax, $16,300. Enter the information from the last four lines of your statement as requested below. Do not enter the percent symbol in your answers. Round percents to the nearest tenth. Enter all amounts as positive numbers. Jefferson Airplane Parts, Inc. Comparative Income Statement First and Second Quarter, 2016. Increase (Decrease) Amount $ Increase (Decrease) Percent 2nd Qtr. 1st Qtr. Operating Expenses $ 124900 108000 $ $ Income before Income Tax X 96 X s $ $ Income Tax 16300 13450 X LA Net Income Hide Feedback DENG 10:48 PM 5/20/2020 Partially Correct Pool M LT - Ep 1-a 1. Type here to search O 8 prte 2 411 po break 110 SK O