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Let's Work it Out operates several retail stores that specialise in products for healthy lifestyle. Some of its financial information as shown below for tes
Let's Work it Out operates several retail stores that specialise in products for healthy lifestyle. Some of its financial information as shown below for tes yeu ended March 11.2015 Cost of Goods Sold $73.300 Depreciation Expense-Store Equipment 35,160 Gain on Sale of Equipment $4,300 Insurance Expense $10,700 interest Expense 51.160 Office Salaries Expense 539,100 Ofice Supplies Expense $3.000 Sales Discounts $2,600 Sales Returns and Allowances $5,500 Sales Revenue 5193,300 Sales Salaries Expense $39.000 Utilities Expense - Office 52,400 Utilities Expense - Retail 55,700 Required Create a multi-step income statement Do not enter dollars or commaste i boxes Entender the protection habeticaordes Do not Lets Work It Out Let's Work It Out Income Statement For the Year Ended March 31, 2019 Sales Revenue S Less: . Subtotal Net Sales s Gross Profit Operating Expenses Selling Expenses . . s : IS Total Selling Expenses Total Selling Expenses Administrative Expenses e $ e $ . Total Administrative Expenses IS Total Operating Expenses Income from Operations Other Income and Expenses a Total Other Income and Expenses Net Income
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