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Income Statement Accounts for the year ending 2017 Account Balance Cost of goods sold $340,000 Interest expense $82,000 Taxes $56,000 Revenue $745,000 Selling, general, and

Income Statement Accounts for the year ending 2017

Account

Balance

Cost of goods sold

$340,000

Interest expense

$82,000

Taxes

$56,000

Revenue

$745,000

Selling, general, and administrative expenses

$62,000

Depreciation

$119,000

a. produce the income statement for the year.

b. produce the operating cash flow for the year.

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