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Presented below is information for Carla Vista Co. for the month of January 2022. Cost of goods sold $220,100 Rent expense $33,000 Freight-out 9,500 Sales
Presented below is information for Carla Vista Co. for the month of January 2022.
Cost of goods sold $220,100
Rent expense $33,000
Freight-out 9,500
Sales discounts 9,100
Insurance expense 13,400
Sales returns and allowances 20,000
Salaries and wages expense 63,100
Sales revenue 399,500
Income tax expense 4,800
Other comprehensive income (net of $400 tax) 2,000
CARLA VISTA CO. Income Statement For the Year Ended January 31, 2022 Total Revenues Sales Revenue $ $ Net Income 7 (Loss) Prepare a comprehensive income statement. CARLA VISTA CO. Comprehensive Income Statement For the Year Ended January 31, 2022 Net Income / (Loss) $ Other Comprehensive Income / (Loss) 2000 Comprehensive Income / (Loss) $ SHOW LIST OF ACCOUNTS LINK TO TEXT Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal pla Profit margin % Gross profit rate %Step by Step Solution
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