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Please help me find the net income? Income Statement For Year Ended August 31, 2017 S 218,880 3,349 Less: Sales discounts Less: Sales returns and
Please help me find the net income?
Income Statement For Year Ended August 31, 2017 S 218,880 3,349 Less: Sales discounts Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Expense 17,795 201,085 85,312 115,773 14,44617.795 Selling expenses Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense 29,987 10,287 2,627 18,605 Total selling expenses General and administrative expenses 61,506 Office salaries expense Rent expense-Office space Office supplies expense 27,360 2,627 876 Total general and administrative expenses Total expenses et income 30,863 92,369Step by Step Solution
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