P14-2 (similar to)

Income statement.Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information

(the

dollar amounts are in thousands of

dollars):

Shares outstanding:16 comma 645 comma 000

Tax rate:37.5 %

Interest expense:

$6 comma 183

Revenue:

$889 comma 385

Depreciation:

$31 comma 255

Selling, general, and administrative expense:

$77 comma 509

Other income:

$1 comma 177

Research and development:

$4 comma 100

Cost of goods sold:

$750 comma 789

Note:Enter all expenses as negative numbers.

(Round the earnings per share to the nearest cent. Also, use a minus sign for numbers to be subtracted.)

Income Statement
Barron Pizza, Incorporated
Year Ending 2015 ($ in thousands, except earnings per share)
	$
	$
Gross profit	$
	$
	$
	$
Operating income	$
	$
EBIT	$
	$
Income before tax	$
	$
Net income	$
Shares outstanding
Earnings per share	$

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