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Income Statement for the period ending December 31,2023 Item Amount Income: Gross Sales Less:...

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Accounting

Income Statement for the period ending December 31,2023
Item
Amount Income:
Gross Sales
Less: Returns
Net Sales
Cost of Goods Sold
Gross Profit
Dividend Income
Interest Income-Bank
Interest Income-U.S. Treasury
Municipal Bond Interest Income
Capital Loss-Shares of Apple, Inc.
Total Income:
Expenses:
\table[[Employee Salaries-,743,500],[Repairs and Maintenance,19,000],[Bad Debts-,44,000],[Rent,230,000],[Payroll Faxes-,60,000],[Licensing Fees,4,500],[Property Taxes-,12,500],[Interest Expense,140,000],[Depreciation-,278,500],[OfficeSupplies,5,400],[EmployeeTraining,3,600],[Employee-Benefits,24,000],[Charitable Contribution-,9,700],[Advertising,70,000],[Meals,3,400],[Iravel,600],[Thsuranee-,19,750],[Utilities,142,000],[Ielephone,14,500],[Federal income tax expense/(benefit),21,910],[Total Expenses:,1,845,160
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