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P3-2 (similar to) Income statement preparation On December 31, 2019. Cathy Chen, a self-employed certified public accountant ( Completed her to year in business. During

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P3-2 (similar to) Income statement preparation On December 31, 2019. Cathy Chen, a self-employed certified public accountant ( Completed her to year in business. During the year, she charged her clients 5358.000 for her counting services. She had to employees, a bookkeeper and a clerical start. In addition to her monthly salary of $7,000, M. Chen paid annual salaries of $47,500 and $35,700 to the bookkeeper and the dercalant, respectively Employment taxes and benefit costs for Ms. Chen and her employees totaled 334 600 for the year Expenses for office supplies, including postage totaled $10,100 for the year, in addition, Ms. Chen spent $17.200 during the year on tax deductible travel and entertainment associated with client visits and new business development Lease payments for the other rented a tax deductible expense) were $2.720 per month, Depreciation expere on the office future and focus was $16.000 for the you During the year, Ms. Chen paid interest of $14,600 on the $119,000 borrowed to start the business She paid an esage tax rate of 30% during 2019 a. Prepare an income statement for Cathy Chen, CPA for the year ended December 31, 2010 b. Evaluate ter 2019 narcial performance Prepare an income stoment for Cathy Chen, CPA, for the year ended December 31, 2018 Complete the fragment of the income statement for Catty Chen below (Delect the correct and from the drop-down menu and round to the newer) Cathy Chen, CPA Income Statement for the Year Ended December 31, 2019 Sales 5 P3-2 (similar to) Income statement preparation On December 31, 2019. Cathy Chen, a self-employed certified public accountant ( Completed her to year in business. During the year, she charged her clients 5358.000 for her counting services. She had to employees, a bookkeeper and a clerical start. In addition to her monthly salary of $7,000, M. Chen paid annual salaries of $47,500 and $35,700 to the bookkeeper and the dercalant, respectively Employment taxes and benefit costs for Ms. Chen and her employees totaled 334 600 for the year Expenses for office supplies, including postage totaled $10,100 for the year, in addition, Ms. Chen spent $17.200 during the year on tax deductible travel and entertainment associated with client visits and new business development Lease payments for the other rented a tax deductible expense) were $2.720 per month, Depreciation expere on the office future and focus was $16.000 for the you During the year, Ms. Chen paid interest of $14,600 on the $119,000 borrowed to start the business She paid an esage tax rate of 30% during 2019 a. Prepare an income statement for Cathy Chen, CPA for the year ended December 31, 2010 b. Evaluate ter 2019 narcial performance Prepare an income stoment for Cathy Chen, CPA, for the year ended December 31, 2018 Complete the fragment of the income statement for Catty Chen below (Delect the correct and from the drop-down menu and round to the newer) Cathy Chen, CPA Income Statement for the Year Ended December 31, 2019 Sales 5

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