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In 2 0 2 1 , Dangerous Dragon, Inc. ( a retail clothing company ) sold 5 0 4 , 8 0 0 units of
In Dangerous Dragon, Inc. a retail clothing company sold units of its product at an average price of $ per unit. The company reported estimated Returns and allowances in of percent of gross revenue. Dangerous Dragon actually purchased units of its product from its manufacturer in at an average cost of $ per unit. Dangerous Dragon began with units of its product in inventory carried at an average cost of $ per unit Operating expenses excluding depreciation for Dangerous Dragon, Inc. in were $ and depreciation expense was $ Dangerous Dragon had $ in debt outstanding throughout all of This debt carried an average interest rate of percent. Finally, Dangerous Dragon's tax rate was percent. Dangerous Dragon's fiscal year runs from January through December Given this information, construct Dangerous Dragon's multistep income statement for What did Dangerous Dragon, Inc. record as NET INCOME on its income statement?
Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $ as For example, record $ as or negative $ as
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