P8-3A

preparing net income statement from a worksheet.

check figure Net Income from operations $1,071

Questions, Classroom Demonstrat... (4) P8-3A. Prepare a formal income statement from the following partial worksheet for Malorie's Dental Supply Co. of Hantsport: MALORIE'S DENTAL SUPPLY CO. PARTLAL WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2021 \begin{tabular}{|l|l|} \hline Account Titles \\ \hline \end{tabular} \begin{tabular}{|l|} \hline Sales \\ \hline Sales Returns and Allow. \\ \hline Sales Discounts \\ \hline Cost of Goods Sold \\ \hline Salaries Expense \\ \hline Insurance Expense \\ \hline Advertising Expense \\ \hline Rental Income \\ \hline Rent Expense \\ \hline Depreciation Exp., Store Equip. \\ \hline Aceried Salaries \\ \hline Net lncome \\ \hline \\ \hline \end{tabular}