Excel

The list belo 35,000 Accumulated Depreciation Accounts Payable Advertising Expense Prepaid Advertising Common Stock Depreciation Expense Dividend Payable Dividends Income Tax Expense Income Tax Payable Interest Expense Interest Revenue Loss on Disposal of Assets Prepaid Rent Rent Expense Retained Earnings Sales Revenue Utilities Expense Utilities Payable Wage Expense Wages Payable 65,000 20,625 61,875 50,000 12,500 50,000 100,000 48,000 35,000 3,750 500 10,000 56,250 18,750 836,875 300,000 8,750 7,000 41,250 10,125 Required: Sheet1 DY %24 Use a formula to calculate the Net Income. Great Taste Restaurants Inc. Income Statement For the month ended March 31, 2016 300,000 Sales Revenue Total Revenues Operating Expenses: Wage Expense Advertising Expense 41,250 20,625 Rent Expense 18,750 Depreciation Expense 12,500 Total Operating Expenses Income from Operations Other Items: Sheet1 ... otls) Total Operating Expenses Income from Operations Other Items: Interest Revenue Interest Expense Income before Income Taxes Net Income