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Prepare an Income Statement for Google LLC for the year ending December 31, 2023, using the following information: Sales Revenue: $1,500,000,000 Cost of Goods Sold:

Prepare an Income Statement for Google LLC for the year ending December 31, 2023, using the following information:

  • Sales Revenue: $1,500,000,000
  • Cost of Goods Sold: $600,000,000
  • Operating Expenses:
    • Salaries and Wages: $300,000,000
    • Rent Expense: $50,000,000
    • Utilities Expense: $20,000,000
  • Depreciation Expense: $80,000,000
  • Interest Expense: $30,000,000
  • Tax Rate: 20%

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