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Preparing an Income Statement Great Taste Restaurants, Incorporated has provided a list of select accounts as of March 31, Year 1. The Controller has asked
Preparing an Income Statement Great Taste Restaurants, Incorporated has provided a list of select accounts as of March 31, Year 1. The Controller has asked you to prepare the companys income statement at the month ended March 31, Year 1. Use the information included and the Excel functions described below to complete the task. Accumulated Depreciation $ 35,000 Accounts Payable 65,000 Advertising Expense 20,625 Prepaid Advertising 61,875 Common Stock 50,000 Depreciation Expense 12,500 Dividend Payable 50
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