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Supply the missing information in the following pro forma incomestatement for the fourth quarter of year 2. The statements are prepared as of December 31,
- Supply the missing information in the following pro forma incomestatement for the fourth quarter of year 2. The statements are prepared as of December 31, year 2. (Amounts to be deducted shouldbe indicated by a minus sign. Round your answersto the nearest whole dollar.)
Income Statement | |
Sales revenue | ? |
Cost of goods sold | ? |
Gross margin | 920,920 |
Operating expenses | ? |
Operating income | 703,310 |
Interest expense | (3,530) |
Net income | $699,780 |
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