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Income Statement Assignment | Homework For You

Author:
January 24th, 2020

Requirement 1. Fill in the missing amounts. Begin by completing the income statement.Homework For You

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Dolphin Company
Income Statement
For the Year Ended December 31, 2012
Sales. . . . . . . . . . . . . . . . . . $575,000
Cost of goods sold. . . . . . .
Gross profit on sales. . . . . . 295,000
Administrative expenses. . 68,000
Operating income. . . . . . . .
Interest expense. . . . . . . . . 10,000
Income tax expense. . . . . 65,100
Net income. . . . . . . . . . . . .

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