Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

use the income statement to create an excel cash flow statement. Egils Inc. Comparative Income Statement For the Years Ended December 31, 2010 and 2009

use the income statement to create an excel cash flow statement.

image text in transcribed

Egils Inc. Comparative Income Statement For the Years Ended December 31, 2010 and 2009 2010 $126.200 $100,000 Sales returns and allowances 26 000 Net sales $123,774 98,000 Cost of goods sold 50,000 Gross profit 64,974 S 48,000 Selling expenses 17,310 15,000 Administrative expenses 13464 000 30,774 27,000 Total operating expenses 34.200 21,000 Income from operations 1,000 1 000 35,200 Income before income tax 22,000 12.000 6,000 Income tax expense Net income. 3200 16,000 Egils Inc. Comparative Income Statement For the Years Ended December 31, 2010 and 2009 2010 $126.200 $100,000 Sales returns and allowances 26 000 Net sales $123,774 98,000 Cost of goods sold 50,000 Gross profit 64,974 S 48,000 Selling expenses 17,310 15,000 Administrative expenses 13464 000 30,774 27,000 Total operating expenses 34.200 21,000 Income from operations 1,000 1 000 35,200 Income before income tax 22,000 12.000 6,000 Income tax expense Net income. 3200 16,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Futures And Other Derivatives

Authors: John C. Hull

4th Edition

0130224448, 9780130224446

More Books

Students also viewed these Finance questions