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Need help with the income from operations and net income please! Accumulated Depreciation-Building Administrative Expenses Building Cash $713,600 549,900 $1,002,250 261,650 2,614,150 21,000 171,700 Merchandise
Need help with the income from operations and net income please!
Accumulated Depreciation-Building Administrative Expenses Building Cash $713,600 549,900 $1,002,250 261,650 2,614,150 21,000 171,700 Merchandise Inventory Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies 7,850 Cost of Merchandise Sold 3,851,650 6,662,000 9,750 700,750 Interest Expense Kathy Melman, Capital Kathy Melman, Drawing 1,577,750 90,150 183,350 a. Prepare a multiple-step income statement for the year ended March 31, 2014 Danns Furnishings Company Income Statement For the Year Ended March 31, 2014 Sales 6,662,000 Cost of merchandise sold 3.851,650 Gross profit 2,810,350 Expenses Selling expenses 700.750 Administrative expenses 549,900 Total expenses 1,250,650 Income from operations Other expense: Interest expense . 9.750 Net income Step by Step Solution
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