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Suppose Siam Traders has the following revenue and expenses for 2018: Revenues of $7,800,000 Cost of Goods Sold of $1,560,000 Depreciation Expenses of $1,200,000 Income
Suppose Siam Traders has the following revenue and expenses for 2018:
Revenues of $7,800,000
Cost of Goods Sold of $1,560,000
Depreciation Expenses of $1,200,000
Income Taxes of $1,560,000
Interest Expenses of $60,000
Other Expenses of $300,000
Sales, General, & Administrative Expenses of $780,000
What is the value of Gross Income?
Please specify your answer in the same units as the income statement.
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