The accountant of Kingbird Shoe Co has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020. $32,000 21,000 Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) 34,000 117,800 20,600 26,100 138.900 54,700 499,000 983,000 68,000 Cash dividendedeclaiced 19.000 Chapter 4 Homework (GRADED) Question 2 of 3 18 E View Policies Current Attempt in Progress The accountant of Kingbird Shoe Co has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020 Rent revenue $32.000 21.000 34.000 117.800 20.600 26.100 Interest expense Market appreciation on tand above cost Salaries and was expense (selline Suomes expense (selling) Income tax Salaries and wapes experwe (administrativo) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling 30% administrative) Cach dividend declarec 138.900 54.700 499,000 983.000 63.000 12.00 Question 2 of 3 > ./8 ili 34,000 117,800 20.600 26.100 138.900 Market appreciation on land above cost Salaries and wages expense selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net Sales Depreciation on plant assets (70% selline 30% administrative) Cash dividends declared 54,700 499.000 983.000 68.000 19.000 There were 20,000 shares of common stock outstanding during the year Question 2 of 3 > -/8 E KINGBIRD SHOE CO. Income Statement Chapter 4 Homework (GRADED) Question 2 of 3 -/8 3 Chapter 4 Homework (GRADED) 4 Question 2 of 3 > -/8 Question 2 of 3 -/8 III Textbook and Media List of Accounts The accountant of Kingbird Shoe Co has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020. $32,000 21,000 Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) 34,000 117,800 20,600 26,100 138.900 54,700 499,000 983,000 68,000 Cash dividendedeclaiced 19.000 Chapter 4 Homework (GRADED) Question 2 of 3 18 E View Policies Current Attempt in Progress The accountant of Kingbird Shoe Co has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020 Rent revenue $32.000 21.000 34.000 117.800 20.600 26.100 Interest expense Market appreciation on tand above cost Salaries and was expense (selline Suomes expense (selling) Income tax Salaries and wapes experwe (administrativo) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling 30% administrative) Cach dividend declarec 138.900 54.700 499,000 983.000 63.000 12.00 Question 2 of 3 > ./8 ili 34,000 117,800 20.600 26.100 138.900 Market appreciation on land above cost Salaries and wages expense selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net Sales Depreciation on plant assets (70% selline 30% administrative) Cash dividends declared 54,700 499.000 983.000 68.000 19.000 There were 20,000 shares of common stock outstanding during the year Question 2 of 3 > -/8 E KINGBIRD SHOE CO. Income Statement Chapter 4 Homework (GRADED) Question 2 of 3 -/8 3 Chapter 4 Homework (GRADED) 4 Question 2 of 3 > -/8 Question 2 of 3 -/8 III Textbook and Media List of Accounts
