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The financial statements for the BestBuy Store Inc. are as follows: Marks 15 INCOME STATEMENT 2019 Sales s800,000 COst of goods sold 500,000 Gross Profit

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The financial statements for the BestBuy Store Inc. are as follows: Marks 15 INCOME STATEMENT 2019 Sales s800,000 COst of goods sold 500,000 Gross Profit 300,000 Selling and Operating Expense 213.000 87,000 Net Operating Income Non-operating items: 7,000 Gain on sale of investing Loss on sale of equipment (4000) 3,000 Income before taxes 90,000

Q.1 The financial statements for the BestBuy Store Inc. are as follows: Marks 15 INCOME STATEMENT 2019 Sales $800,000 Cost of goods sold 500,000 Gross Profit 300,000 Selling and Operating Expense 213,000 Net Operating Income 87,000 Non-operating items:- Gain on sale of investing 7,000 Loss on sale of equipment (4000) 3,000 Income before taxes 90,000 3 Q.1 The financial statements for the BestBuy Store Inc. are as follows: Marks 15 INCOME STATEMENT 2019 Sales $800,000 Cost of goods sold 500,000 Gross Profit 300,000 Selling and Operating Expense 213,000 Net Operating Income 87,000 Non-operating items:- Gain on sale of investing 7,000 Loss on sale of equipment (4000) 3,000 Income before taxes 90,000 3

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