Question
Income Statement Accounts for the Year Ending 2017 Account Balance Cost of goods sold $1,415,000 Interest expense $293,000 Taxes $227,600 Revenue $2,985,000 Selling, general, and
Income Statement Accounts for the Year Ending 2017
Account Balance
Cost of goods sold $1,415,000
Interest expense $293,000
Taxes $227,600
Revenue $2,985,000
Selling, general, and administrative expenses $453,000
Depreciation $255,000
Income statement. From the following income statement accounts in the popup window, (popup window info above)
a. produce the income statement for the year.
b. produce the operating cash flow for the year.
a. produce the income statement for the year.
Complete the income statement below.(Round to the nearest dollar.)
| Income Statement | ||
| Year Ending December 31, 2017 | ||
|
| $ |
|
|
| $ |
|
|
| $ |
|
|
| $ |
|
| EBIT | $ |
|
|
| $ |
|
| Taxable income | $ |
|
|
| $ |
|
| Net income | $ |
|
b. produce the operating cash flow for the year.
The operating cash flow for the year is
$______. (Round to the nearest dollar.)
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
9th edition
290-1259222138, 1259222136, 978-1259222139
