Income statement for the year ended December 31, 20x2 $ net sales 1,650,000 cost of good sold
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Question:
Income statement
for the year ended December 31, 20x2
$
net sales 1,650,000
cost of
good sold
920,000
Gross
Margin
730,000
operating expenses (including depreciation expense of $12,000 on buildings and $23,100 on equipment, and amortization expense of $4,800)
470,000
operating
Income 260,000
other Income(expanse)
Interest expense ($55,000)
Dividend Income 3,400
Gain on sale of investments12,500
Loss on Disposal of equipment(2,300) (41,400)
Income before income taxes218,600
IncomeTaxes52,200
Net Income166,400
Question, show the statement of cash flow?
Posted Date: