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Using Excel to Present a Statement of Income PROBLEM The statement of income for Column Roofing Inc. for the years 2022 to 2024 is presented
Using Excel to Present a Statement of Income PROBLEM The statement of income for Column Roofing Inc. for the years 2022 to 2024 is presented below. Column Rooding Inc. Statement of Income For the year ended October 31 (in thousands of dollars) 2024 2023 2022 Sales revenue ? $1,364 $1,118 Cost of goods sold 949 ? ? Gross margin 687 ? 448 Operating expenses Store expenses ? 136 112 Administrative expenses 131 109 89 Depreciation expense 110 98 ? Operating income 283 270 145 Investment income 10 ? 12 Financing expenses 24 18 ? Earnings before income taxes 269 ? 142 Income tax expense 52 28 Net earnings $215 $208 ? Calculate the missing amounts on the statement of income. 2024 Sales revenue Store expenses Income tax expense 2023 Gross margin Cost of goods sold Earnings before income taxes Investment income 2022 Cost of goods sold Depreciation expense Financing expenses Net earnings
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