Sales Revenue$983,000Cost of Goods Sold 489,000Operating Expenses 243,000Use this information to construct an income statement for the year 2019.

Formula: Net income = Sales revenue - Cost of goods sold - Operating expenses

Answered: Sales Revenue $983,000 Cost of Goods…

Business

Accounting

Sales Revenue $983,000 Cost of Goods Sold 489,000 Operating Expenses 243,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 48E

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