How to write an income statement

Required information P5-6 (Algo) Preparing Both an Income Statement and a Balance Sheet from a Trial Balance LO5-3 [T he foiiowing information appiies to the questions dispiayed beiow] Jordan Sales Company (organized as a corporation on April 1, 2017) has completed the accounting cycle for the second year, ended March 31, 2019. Jordan also has completed a correct trial balance as follows: JORDAN SALES COMPANY Trial Balance At March 31, 2919 Account Titles Debit Credit Cash at 53,599 Accounts receivable 49,399 Office supplies inventory 1,299 Automobiles (company cars) 34,399 Accumulated depreciation, automobiles $ 13,899 Office equipment 3,899 Accumulated depreciation, office equipment 899 Accounts payable 21,199 Income taxes payable 9 Salaries and commissions payable 1,699 Note payableJ longterm 32,299 Capital stock (par $1; 32,699 shares) 32,699 Paidin capital 4,599 Retained earnings (on April 1, 2918) 6,699 Dividends declared and paid during the current year 19,899 Sales revenue 194,899 Cost of goods sold 32,999 Operating expenses (detail omitted to conserve time) 18,999 Depreciation expense (on autos and including $799 on ottice equipment) 7,199 Interest expense 1,199 Income tax expense (not yet computed) Totals 5 218,999 $213,999 I P5-6 Part .3 Required: Complete the financial statements as follows: a. Classied (multiple-step) income statement for the reporting year ended March 31, 2019. Include income tax expense. assuming a 25 percent tax rate. (Round your "Earnings per share" to 2 decimal places.)