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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

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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 Required: Prepare the annual income statement for Kvass, Incorporated $ 1,050,300 247,600 4,885,300 552,500 2,524,400 166,500 113,900 Revenues: KVASS, INCORPORATED Income Statement For the Year Ended December 31, Year 3 Total Revenues Expenses: 0 Total Expenses 0

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