Part 1)
Fill in the missing information from the income statement. Dansko Integrated Income Statement January 1 to December 31, 2019 (amounts in thousands) Revenue 7,100 Expenses 2,900 Profit What is the value for Profit? Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).Suppose Lightspeed Industries has the following revenue and expenses for 2019: Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses of $800,000 Income Taxes of $2,196,000 Interest Expenses of $170,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $980,000 Create an income statement with amounts in thousands What is the value of Gross Income? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).Suppose Lightspeed Industries has the following revenue and expenses for 2019: Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses of $800,000 Income Taxes of $2,196,000 Interest Expenses of $170,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $980,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).Suppose Torche Corporation has the following revenue and expenses for 2019: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Pre-Tax Income? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).Suppose Nippon Technology has the following revenue and expenses for 2019: Revenues of $8,700,000 Cost of Goods Sold of $1,740,000 Depreciation Expenses of $1,200,000 Income Taxes of $1,776,000 Interest Expenses of $50,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $870,000 Create an income statement with amounts in thousands What is the value of Earnings? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement)
