Your Corporation Income Statement Year Ending 12/31/2X

Exercise 8 - Prepare a multi-step income statement (assume tax rate of 20%) Cash Cost of Goods Sold Deoreciation Exoense Dividends Paid Gain on Sale of Eauio. Interest Exoense Interest Revenue Your Corporation Income Statement Year Ending 12/31/2X Operating Expenses Total Operating Expenses Other Revenues/Gains & Losses/Expenses Total Other (Non-operating) Loss on Sale of Machinerv Preoaid Rent Rent Exoense Rent Revenue Sales Sales Discounts Sales Returns & Allowance Unearned Revenue Wage Exoense