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Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax

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Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense $1,051,700 249,000 4,886,700 553,200 2,527,200 167,200 114,600 Required: Prepare the annual income statement for Kvass, Inc. KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues: Total Revenues Expenses: KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues: Total Revenues Expenses Total Expenses

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