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Eta Corporation provided the following financial data for the fiscal year ended December 31, 2023: Sales Revenue: $2,500,000 Cost of Goods Sold: $1,200,000 Rent Expense:

Eta Corporation provided the following financial data for the fiscal year ended December 31, 2023:

  • Sales Revenue: $2,500,000
  • Cost of Goods Sold: $1,200,000
  • Rent Expense: $200,000
  • Utilities Expense: $80,000
  • Salaries Expense: $800,000
  • Depreciation Expense: $150,000

Additionally, Eta Corporation faces a tax liability of $250,000. Prepare the Income Statement and Tax calculation for Eta Corporation.

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