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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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