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Styles Styles- According to the producer price index database maintained by the Bureau of Labor Statistics, the of computer equipment fell 8.1 percent between 2012

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Styles Styles- According to the producer price index database maintained by the Bureau of Labor Statistics, the of computer equipment fell 8.1 percent between 2012 and 2013. Let's see whether these changes in the income statement of Computer Tycoon Inc. for the year ended December 31, 2013. are reflected 2013 2012 Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and $108,000 $132,000 64, 000 44,000 57,300 36, 800 38, 600 74,700 Administrative Expenses Interest Expense Income before Income Tax Expense 6, 620 Income Tax Expense Net Income 18,185 1,500 5,800 S5,120 12,385 6, 620 (Ctrl)

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