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The adjusted trial balance of Sandhu Corporation at December 31, 2022 included the following selected accounts. Debit Credit Advertising expense $15.000 Cost of goods sold

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The adjusted trial balance of Sandhu Corporation at December 31, 2022 included the following selected accounts. Debit Credit Advertising expense $15.000 Cost of goods sold 347.000 -- Depreciation expense 3,296 Freight out 2,000 Income tax expense 32,000 Interest expense 19,000 Interest income $15,000 Sales revenue 509.500 Salaries expense 45,000 Utilities expense 18,000 Instructions () Use the above information to prepare a multiple-step statement of income for the year ended December 31, 2022 (b) Calculate the gross profit margin and the profit margin for 2022 You are to complete the questions above on appropriate separate document(s). Acceptable formats include word document excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or drag and drop the file(s) into the upload box at the bottom of this question box here to search

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