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Suppose Nippon Technology has the following revenue and expenses for 2019: Revenues of $8,700,000 Cost of Goods Sold of $1,740,000 Depreciation Expenses of $1,200,000 Income
Suppose Nippon Technology has the following revenue and expenses for 2019:
Revenues of $8,700,000 Cost of Goods Sold of $1,740,000 Depreciation Expenses of $1,200,000 Income Taxes of $1,776,000 Interest Expenses of $50,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $870,000
Create an income statement with amounts in thousands
What is the value of Gross Income?
Please specify your answer in the same units as the income statement.
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