QUESTION T8 Expenses incurred should be reported on the income statement regardless of cash being paid or not True False QUESTION 19 Income Statement Preparation: Consider the following accounts and their balanc shown in no particular order: Cost of sales Depreciation Expense Investment Income General and Administrative Expenses Income Taxes Interest Expense Sales Revenues 90,000 5,000 50,000 2,000 27,000 11,000 4,000 $100,000 Prepare a statement of income and determine the following: 019. What is the dollar amount of the income before income tax? oA s(2,000) B $ 6,000 . $26,000 D $28,000 QUESTION 20 Income Statement Preparation: Consider the following accounts and their balances