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Need help completing an income statement! Trial Balance: Acc. # Account Name Debits Credits 100 Cash $ 66,000 110 Accounts receivable 160,000 115 Allowance for

Need help completing an income statement!

Trial Balance:

Acc. # Account Name Debits Credits
100 Cash $ 66,000
110 Accounts receivable 160,000
115 Allowance for doubtful accounts $ 7,000
120 Inventory 50,000
135 Prepaid insurance 24,750
136 Prepaid advertising 6,000
150 Land 235,000
160 Building 240,000
165 Accumulated depreciation - building 61,500
170 Equipment 150,000
175 Accumulated depreciation - equipment 53,750
190 Notes receivable 155,000
195 Interest receivable 8,590
200 Accounts payable 135,000
215 Interest payable 11,000
219 Income tax payable 12,477
230 Accrued liabilities 42,000
240 Unearned revenue 27,500
250 Notes payable - current portion 20,000
255 Notes payable - long-term portion 80,000
270 Bonds payable 100,000
300 Common stock 500,000
310 Retained earnings 21,000
350 Dividends 5,000
400 Sales 1,337,250
450 Interest revenue 94,590
500 Cost of goods sold 616,000
510 Administrative and general expenses 97,000
515 Insurance expense 2,250
520 Selling expenses 188,000
531 Depreciation expense - building 7,500
532 Depreciation expense - equipment 12,500
550 Interest expense 71,000
599 Income tax expense 12,477
600 Loss on sale of equipment 60,000
910 Loss from operation of discontinued 75,000
segment of business
915 Loss from disposal of discontinued 261,000
segment of business
$ 2,503,067 $ 2,503,067

Income statement: (I've put in some of the numbers but I'm kinda lost with the operating expenses)

Sales

$ 1,337,250
Cost of goods sold 616,000
Gross Profit 721,250
Operating expenses
Selling expenses 188,000
Administrative and general expenses
Total operating expenses
Operating Income
Other revenue
Interest Revenue 94,590
Other expense and loss
Interest expense
Total other expense and loss
Income from continuing operations before income tax
Income tax expense 113,277
Income from continuing operations 264,313
Discontinued operations:
Loss from operations of discontinued segment, net of
income tax benefit
Loss from disposal of discontinued segment, net of
income tax benefit
Total loss from discontinued operations
* = Line-item is a subtotal, not an account
EPS:

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