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Pest Away Corporation was organized by three individuals on January 1, 2020 to provide insect extermination services. At the end of 2020, the following
Pest Away Corporation was organized by three individuals on January 1, 2020 to provide insect extermination services. At the end of 2020, the following statement of earnings was prepared. PEST AWAY CORPORATION Statement of Earnings For the Year Ended December 31, 2020 Revenues Service revenue (cash) Service revenue (credit) Total revenues Expenses Salaries $192,000 24,000 $216,000 Rent Utilities Advertising Supplies Interest Total expenses Earnings before income tax Income tax expense Net earnings for the year Required: $76.000 21,000 12,000 14,000 25,000 5,000 156,000 60,000 21,000 $ 39,000 1. What was the average amount of monthly revenue? Average monthly revenue mesure. 1. What was the average amount of monthly revenue? Average monthly revenias 2. What was the amount of monthly rent? Monthly an 3. This part of the question is not part of your Connect assignment 4. This part of the question is not part of your Connect assignment. 5. What was the average income tax rate for Pest Away Corporation? income tax rade
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