The Following Financial Statements and Additional Information Are Reported
The following financial statements and additional information are reported. Income Statement For Year Ended June 30 2019 Sales 678000 Cost of goods sold 411000 Gross profit 267000 Operating expenses Depreciation expense 58600 Other expenses 67000 Total operating expenses 125600 141400 Other gains losses Gain on sale of equipment 2000 Income before taxes 143400 Income taxes expense 43890 Net income. Pin On Report Template Operating expenses excluding depreciation 79000. . The following financial statements and additional information are reported. Comparative Balance Sheets June 30 20 18 and 2017 2018 2017 Assets 44000 51000 86500 5400 186900 115000 9000 87500 65000 63800 4400 220700 124000 27000 Cash Accounts receivable net Inventory Prepaid expenses. The following financial statements and additional information are reported. The following transactions and events occurred during the year. The following financial statements