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Income statement. From the following income statement accounts in the popup window, a. produce the income statement for the year. b. produce the operating cash
Income statement. From the following income statement accounts in the popup window, a. produce the income statement for the year. b. produce the operating cash flow for the year. Year Ending December 31, 2017 Revenue 741000 TA 343000 Cost of goods sold Selling, general, and administrative expenses Depreciation 68000 112000 EBIT 218000 Interest expense $ 85000 Taxable income 133000 Taxes 53200 Net income 31800 Choose from any list or enter any number in the input fields and then click Check Answer. (Click on the following icon in order to copy its contents into a spreadsheet.) Income Statement Accounts for the Year Ending 2017 Account Balance Cost of goods sold $343,000 Interest expense $85,000 Taxes $53,200 Revenue $741,000 Selling, general, and administrative expenses $68,000 Depreciation $112,000
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