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How can you get the Income Before Income Taxes? Formula, or step-by-step, or guidance to get it. In its income statement for the year ended
How can you get the "Income Before Income Taxes"? Formula, or step-by-step, or guidance to get it.
In its income statement for the year ended December 31, 2022, Skysong, Inc. reported the following condensed data. $409.200 Salaries and wages expenses Cost of goods sold Interest expense Loss on disposal of plant assets Sales revenue Income tax expense $73.480 1.944.800 868.560 62.480 22.000 Interest revenue 57,200 Sales discounts 140.800 Depreciation expense 272,800 Utilities expense 96,800 Prepare a multiple-step income statement. (List other revenues before other expenses.) Skysong, Inc Income Statement For the Year Ended December 31, 2022 les ales Revenue $ 1944800 ess Sales Discounts 140800 t Sales $ 180400C st of Goods Sold 868560 Oss Profit 935440 Jerating Expenses alarles and Wages Expense 409200 Depreciation Expense 101 272800 Stilitles Expense 96800 tal Operating Expenses 778800 come From Operations 156640 her Revenues and Gains nterest Revenue 57200 her Expenses and Losses nterest Expense 62480 oss on Disposal of Plant Assets 73480 13596C zome Before Income Taxes UU ome Tax Expense 22000Step by Step Solution
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