The New Orleans Adventures for the year ended December 31 for data following: ...
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Accounting
The New Orleans Adventures for the year ended December 31 for data following:
| New Orleans Adventures |
| Income Statement |
| For the Year Ended December 31 |
| 1 | Sales | $24,500,000.00 |
| 2 | Cost of goods sold | 10,900,000.00 |
| 3 | Operating expenses | 6,300,000.00 |
| 4 | Income tax expense | 500,000.00 |
| 5 | Loss on discontinued operations | 100,000.00 |
| Required: | |
| Prepare an income statement. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. |
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