Question
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains $23,600 Other expenses and losses
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.
Other revenues and gains | $23,600 | |
Other expenses and losses | 4,000 | |
Cost of goods sold | 291,000 | |
Sales discounts | 4,800 | |
Sales revenue | 759,000 | |
Operating expenses | 220,000 | |
Sales returns and allowances | 10,600 |
Prepare a multiple-step income statement for Splish Brothers Corp. The company has a tax rate of 25%.
SPLISH BROTHERS CORP. Income Statement choose the accounting period For the Year Ended December 31, 2022For the Month Ended December 31, 2022December 31, 2022 | ||||
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select an opening name for section one Net SalesNet Income / (Loss)Total ExpensesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Retained Earnings, January 1Other Revenues and GainsRevenuesIncome From OperationsRetained Earnings, December 31Gross ProfitSalesTotal RevenuesExpensesOther Expenses and LossesOperating ExpensesDividendsIncome before Income Taxes | ||||
enter an income statement item | $enter a dollar amount | |||
select between addition and deduction AddLess: | ||||
enter an income statement item | $enter a dollar amount | |||
enter a dollar amount | ||||
select a closing name for section one DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Expenses and LossesOther Revenues and Gains | enter a total amount for section one | |||
enter an income statement item | enter a dollar amount | |||
select a summarizing line for the first part DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Expenses and LossesOther Revenues and Gains | enter a total amount for the first part | |||
select an income statement item DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Expenses and LossesOther Revenues and Gains | enter a dollar amount | |||
select the summarizing line for the second part DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Revenues and GainsOther Expenses and Losses | enter a total amount for the second part | |||
select an income statement item DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Revenues and GainsOther Expenses and Losses | enter a dollar amount | |||
select an income statement item DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Revenues and GainsOther Expenses and Losses | enter a dollar amount | |||
enter a subtotal of the two previous amounts | ||||
select a summarizing line for the third part DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Expenses and LossesOther Revenues and Gains | enter a total amount for all three parts | |||
enter an income statement item | enter a dollar amount | |||
select a closing name for this statement DividendsExpensesGross ProfitIncome From OperationsIncome before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal RevenuesTotal ExpensesSalesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)Other Revenues and GainsOther Expenses and Losses | $enter a total net income or loss amount |
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