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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. (Click on the following icon in order to
(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. (Click on the following icon in order to copy its contents into a spreadsheet.) Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes $525,114 199,265 61,927 8,562 11,544 97,526 Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement $ Gross profits Total operating expenses Operating income (EBIT) $ $ TI Earnings before taxes $ Net income Choose from any list or enter any number in the input fields and then click Check
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