Canon Solar Inc., Assume a tax rate of 30%. Make a statement of profit and...

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Accounting

Canon Solar Inc., Assume a tax rate of 30%. Make a statement of profit and loss. Sales - 2,000,000 Sales Discount - 150,000 Interest expense - 25,000 Depreciation - Furniture - 30,000 Heat, light, and power - 370,000 Interest income - 12,000 Salaries Expenses - 180,000 Cost of Sales - 720,000 Rent Income - 13,000 Freight-out-250,000

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