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Please make me an income statement of these following products and items in link provided. based here on google docs: (https://docs.google.com/document/d/16_3IdwFj6CI13kAbb55CHZmVyrqttFwE-HJxdzWCiVM/edit?usp=sharing) Note: Please make it
Please make me an income statement of these following products and items in link provided.
based here on google docs:
(https://docs.google.com/document/d/16_3IdwFj6CI13kAbb55CHZmVyrqttFwE-HJxdzWCiVM/edit?usp=sharing)
Note: Please make it a Philippine peso. You can make up your own prices.
Here is the format of the income statement. Please follow it
Income Statement January 2022 - December 2022 Net Sales: Less: Cost of Goods Sold: Gross Income: Operating Expenses: Labor: Utilities: Insurance: Sales Promotion: Delivery and Transportation: Miscellaneous: Total Expenses: Net Income Before Taxes Less: Income Taxes Net Income After Taxes Assumptions: Example of assumptions. 1. Cost of goods sold includes ingredients, packaging materials, labels, and co packing expenses for canned products. 2. No salary will be drawn by the owners/managers in the second year. All profits will be re-invested for new market entry and increased productionStep by Step Solution
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