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The following information is available for Koufax, Inc. for the year 2022 (000 omitted). Administrative expenses: Officers' salaries $11,200 Depreciation of office furniture and
The following information is available for Koufax, Inc. for the year 2022 (000 omitted). Administrative expenses: Officers' salaries $11,200 Depreciation of office furniture and equipment 9,250 Cost of goods sold 121,920 Rent revenue 2,300 Selling expense Delivery expense 5,000 Sales commissions 16,920 Depreciation of sales equipment 14,100 Sales revenue 210,000 Income tax 12,310 Interest expense 3,140 Prepare an income statement for Koufax, Inc. for the year 2022. Ordinary shares outstanding for 2022 total 23,075 (000 omitted). (Round earnings per share to 2 decimal places, e.g. 1.48.)
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