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The adjusted trual balance of Sandhu Corporation at December 31 2022 included the following selected accounts Oct Avertising expense $15.000 Cost of goods sold 347,000
The adjusted trual balance of Sandhu Corporation at December 31 2022 included the following selected accounts Oct Avertising expense $15.000 Cost of goods sold 347,000 Depreciation expense 2296 Freight out 2.000 Income tax expense 32,000 Interest expense 19.000 Interest income $15.000 Salut revenue 569.500 Salaries expertise 45.000 expense 10.000 Instructions Uithe above information to prepare a moltep statement of income for the year ended December 11 2022 Calculate the group and roll for 2022 Sales revenue 509,500 45,000 Salaries expense Utilities expense 18,000 Instructions (a) 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 documents). 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
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