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Instructions for Table 4: Fill in the amounts (numbers) for each income statement category in 2020. The income statement for 2019 is provided here for
Instructions for Table 4: Fill in the amounts (numbers) for each income statement category in 2020. The income statement for 2019 is provided here for comparison. o You will need to do the math to compute the amounts for 2020 of revenues, cost of goods sold, marketing, general and administrative expenses, depreciation, and taxes based on the assumptions in Ashley Palmer Case Study. Interest expense has been provided for you. o For each entry labeled "profit," you will need to do the math (subtraction) to determine the amount to enter in the field. ________________________________________ Table 4 Ashley Palmer Clothing, Inc. Income Statements for the years ending December 31 2019 2019 2020 Revenues $4,800,000 100.0% $7,200,000 Cost of Goods Sold 3,960,000 82.5% $5,940,000 Gross Profit $840,000 17.5% $1,260,000 Marketing expenses 275,000 5.7% $412,500 General
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