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In the following worksheet of an income statement, which cell has an error? 1 2 Sales 3 Cost of Goods 4 Gross Profit 5 Depreciation
"In the following worksheet of an income statement, which cell has an error?" 1 2 Sales 3 Cost of Goods 4 Gross Profit 5 Depreciation 6 Selling & Admin. Expense 7 Lease Expense 00 A 8 2012 2900000 2030000 =B2-B3 62000 425000 65000 B Net Operating Income =B4-SUM(B4:B7) 9 Interest Expense 112000 10 Earnings Before Taxes =B8-B9 11 Taxes 72100 12 Net Income =B10-B11
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