Sales $1,900,000 Less: Cost of goods sols $980,000 Gross Profit $920,000 Less: Amortization expense- capital assets $200,000 Amortization expense- patents $27,000 Other operating expenses $197,000...



























































Sales$1,900,000
Less:Cost of goods sols$980,000
Gross Profit$920,000
Less:Amortization expense- capital assets$200,000
Amortization expense- patents$27,000
Other operating expenses$197,000
Interest expense$160,000
Loss on sale of land$100,000
Income before taxes$236,000
Income taxes$70,800
Net Income$165,200


Apr 02, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?