The income statement for the year ended 30 June 2022 and the balance sheet as at...

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The income statement for the year ended 30 June 2022 and the balance sheet as at 30 June 2022 for Bobby Leeman Co. are shown below: Bobby Leeman Income Statement for the year ended 30 June 2022 ($) Sales revenues (net) 50,000 Cost of goods sold (25.000) Gross profit 25,000 Expenses Selling expenses 6,000 General administrative 3,500 expenses Interest expenses 500 Total expenses (10.000) Net income 15,000 The income statement for the year ended 30 June 2022 and the balance sheet as at 30 June 2022 for Bobby Leeman Co. are shown below: Bobby Leeman Income Statement for the year ended 30 June 2022 ($) Sales revenues (net) 50,000 Cost of goods sold (25.000) Gross profit 25,000 Expenses Selling expenses 6,000 General administrative 3,500 expenses Interest expenses 500 Total expenses (10.000) Net income 15,000