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Revenue Sales 118,216 Gain on Sale Equip 180 Gain on Sale patent 1000 total 119,396 Expenses: COGS 50,000 Interest Expense 1600 loss on sale of

Revenue
Sales 118,216
Gain on Sale Equip 180
Gain on Sale patent 1000
total 119,396
Expenses:
COGS 50,000
Interest Expense 1600
loss on sale of land 400
Wage Expense 31400
Utilities Expense 1958
Advertising Expense 3,100
Rent Expense 1538 Net income 10,000
Insurance Expense 1540
Supplies Expense 7970
Income Tax Expense 4290
Depreciation Expense Building

4000

Amortization Expense 500
Total: 109,396
Depreciation Expense Vehicle 1100

Use this sheet to prepare your Income Statement for 2020. Format it in the multiple-step format as discussed in class.
Be sure to include Earnings per Share.

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