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Solve for the missing value in each of the Income Statements below. Enter all amounts as positive numbers. A B C D E Revenue $900
Solve for the missing value in each of the Income Statements below. Enter all amounts as positive numbers.
A | B | C | D | E | |
Revenue | $900 | $2,000 | |||
- COGS | $700 | $800 | $1,200 | $1,100 | |
= Gross Margin | $600 | $1,000 | $900 | ||
- Wage Expense | $100 | $200 | $200 | ||
- Rent Expense | $100 | $400 | $500 | $200 | |
= Pretax Income | $500 | $700 | |||
- Tax Expense | $200 | $300 | $400 | $100 | |
= Net Income | $100 | $1,000 | $500 |
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