this is one question sorry the pic is blurry 25% income tax on all item...
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Accounting
this is one question
sorry the pic is blurry
25% income tax on all item
common stock oustanding for the year were 10,000
\begin{tabular}{|lr|} \hline Sales revenue & $1,548,480 \\ \hline Depreciation for the period & 14,400 \\ \hline Rent revenue & 5,760 \\ \hline Gain on sale of investment & 4,800 \\ \hline Cost of goods sold & 792,000 \\ \hline Selling expenses & 326,400 \\ \hline General and administrative expenses & 264,000 \\ \hline Interest revenue & 2,160 \\ \hline Interest expense & 3,600 \\ \hline Loss on sale of investment & 52,800 \\ \hline \end{tabular} Interest revenue Cost of goods sold Depreciation expense Gain on sale of investment General and administrative expenses Gross profit Income before income taxes Income tax expense Interest expense Interest revenue Loss on sale of investment Net income Operating income Rent revenue Sales revenue Selling expenses Check
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