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Pi Corporation is a manufacturing company. They provided you with the following information for the fiscal year ending December 31, 2023: Sales Revenue: $1,500,000 Cost
Pi Corporation is a manufacturing company. They provided you with the following information for the fiscal year ending December 31, 2023:
- Sales Revenue: $1,500,000
- Cost of Goods Sold: $750,000
- Rent Expense: $150,000
- Utilities Expense: $50,000
- Salaries Expense: $400,000
- Depreciation Expense: $100,000
Calculate Pi Corporation's Net Income and prepare an Income Statement for the fiscal year ending December 31, 2023.
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