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Robinson Company has provided you with the following numbers pulled from various budgets related to January 2020 activity: Beginning cash balance from cash budget
Robinson Company has provided you with the following numbers pulled from various budgets related to January 2020 activity: Beginning cash balance from cash budget $13,800 Sales revenue from sales budget 310,000 Cost of goods sold from cost of goods sold budget 181,000 Selling and administrative expenses from selling and administrative expense budget (includes depreciation expense of $4,500) 54,600 Interest expense from cash budget 7,700 Prepare a pro-forma income statement for Robinson Company. Robinson Company Pro-Forma Income Statement Cost of goods sold Interest expense Net income Operating income Gross profit Selling and administrative expenses Revenue $ $
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