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Fill in the missing blanks to complete the Income Statement. Sales Revenues Cost of Goods Sold Gross Margin General & Admin. Expenses Operating Income
Fill in the missing blanks to complete the Income Statement. Sales Revenues Cost of Goods Sold Gross Margin General & Admin. Expenses Operating Income Interest Expense Income before Taxes Income Tax Expense Net Income Sales Revenues Cost of Goods Sold Gross Margin General & Admin. Expenses Operating Income Interest Expense Income before Taxes Income Tax Expense Net Income Sales Revenues Cost of Goods Sold Gross Margin General & Admin. Expenses Operating Income Interest Expense Income before Taxes Income Tax Expense Net Income $ 1,000,000 ?? $ 400,000 ?? $ $ $ $ $ $ $ $ $ $ $ $ 250,000 (45,000) ?? (30,000) ?? ?? (750,000) 250,000 (125,000) ?? ?? 75,000 (25,000) ?? 1,000,000 (675,000) ?? ?? 225,000 (25,000) ?? ?? $ 150,000
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