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Take me to the text The following is Alpha Hardware Corporation's income statement for the year ended January 31, 2009 Alpha Hardware Corporation Income Statement
Take me to the text The following is Alpha Hardware Corporation's income statement for the year ended January 31, 2009 Alpha Hardware Corporation Income Statement For the Year Ended January 31, 2009 Revenues Cost of Goods Sold Gross Profit $830,000 $440,000 $390,000 Expenses Administrative Costs Selling Costs Salaries Rent Total Expenses Net Income $22,000 $13,000 $93,000 $21,000 $149,000 $241,000 Salaries are comprised of $61,000 in manager's salaries and $32,000 in office employees' salaries Alpha Hardware is a small business and it does not intend to spend a lot of time and money on budgeting. The manager has determined the 2010 budgeted income statement should simply reflect the following predicted changes from the 2009 income statement o Revenues will increase by 2.5% Gross profit will increase by 8% o Selling costs will decrease by 6% o Managers' salaries will increase by 8% o Administrative costs, office employees' salaries, and rent expense will remain the same not enter dollar sign s or commas in t he input boxe
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