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income statement for the following accounts The Martins know that setting up some projected Income Statements are important. They need to look at what the

income statement for the following accounts

The Martins know that setting up some projected Income Statements are important. They need to look at what the first year of operations ( ending Dec 31st, 2021 ) might look like and if possible they will need to look at the years thereafter to get an impression of what the long term might look like. RM Purchases: $175,000* (Raw Material Purchases is a part of COGS) Sales Salaries: 80,000 Advertising: 3,000 Travel: 2,000 Revenue: 350,000 Financing Costs: 10,000 Freight-In: 2,000 Income Taxes: 13,000 Sales Com'n: 2,000 Depreciation: 38,000

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