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Skysong Ltd. had sales revenue of 486,000 in 2022. Other items recorded during the year were: Cost of goods sold 297,000 Selling expenses 108,000

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Skysong Ltd. had sales revenue of 486,000 in 2022. Other items recorded during the year were: Cost of goods sold 297,000 Selling expenses 108,000 Income tax 22,500 Increase in value of employees 13,500 Administrative expenses 9,000 Prepare an income statement for Skysong for 2022. Skysong has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) SKYSONG LTD Income Statement

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