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(Solved) Thanks Income Statement Data for 20XX: Gross Sales = $33,291 Coupons and Discounts = $549 Cost of Goods = $10,276 Labor = $0 (Mr.


Need help preparing an income statement with the information below. Thanks


Income Statement Data for 20XX:

Gross Sales = $33,291

Coupons and Discounts = $549

Cost of Goods = $10,276

Labor = $0 (Mr. and Mr. Lee were the only ones working and did not pay themselves)

advertising fees =$2000

bank fees = $120

phone/internet = $1200

shipping = $1380

utilities = $900

office supplies = $785

Income tax = 26 %

 


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