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Presented below is information for Marigold Chocolatiers for the month of March 2020. Cost of goods sold 219,294 Rent expense 33,500 Freight-out 6,880 Sales discounts
Presented below is information for Marigold Chocolatiers for the month of March 2020. Cost of goods sold 219,294 Rent expense 33,500 Freight-out 6,880 Sales discounts 8,060 Insurance expense 6,010 Sales returns and allowances 12,890 Salaries and wages expense 55,560 Sales revenue 386,440 Other comprehensive income 3,110 MARIGOLD CHOCOLATIERS Income Statement Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MARIGOLD CHOCOLATIERS Comprehensive Income Statement eTextbook and Media List of Accounts Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate %
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