question archive INFORMATION TO BE REPLICATED IN EXCEL SPREADSHEET TO CONSTRUCT YOUR INCOME STATEMENT Income Statement for Crest Shoe Company Inc
INFORMATION TO BE REPLICATED IN EXCEL SPREADSHEET TO CONSTRUCT YOUR INCOME STATEMENT Income Statement for Crest Shoe Company Inc
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INFORMATION TO BE REPLICATED IN EXCEL SPREADSHEET TO CONSTRUCT YOUR INCOME STATEMENT Income Statement for Crest Shoe Company Inc. For Year Ending 12/31/19 Sales Gross Sales Less Returns Net Sales $1,139,437 $1,805 $1,137,632 Cost of Goods Sold Materials Contract Manufacturing Licensing Payments Total Cost of Goods Sold $47,036 $247,950 $76,387 $371,373 Gross Profit ?????????? Operating Expenses MARKETING & SALES Sales & Mktg Salaries Collateral & Promotions Advertising Other Sales & Mkt Costs Total Marketing & Sales Expenses $137,243 $13,381 $27,313 $3,412 $181,349 GENERAL & ADMINISTRATIVE Office Salaries Rent Utilities Depreciation Other Overhead Costs Total General & Administrative $115,823 $49,315 $17,384 $11,939 $28,875 $223,336 Total Operating Expenses $404,685 Net Income Before Taxes ??????????? Taxes (25%) $90,394 Net Income ????????????
