Create an income statement and a balance sheet from the information below this information is repeated but remains the same on other questions Assume that the income tax rate for Peter's cookies is and Peter's cookies does not incur any additional debt, issue any additional stock or distribute any dividends hint: round up taxes to next whole dollar and net income is equal to retained earnings
Financial data
tableCashCost of goods sold,Short term debt,SalesrevenueBuildingLong term debt,ExpensesInventoryInterest expense,EquipmentAccounts payable,Accounts receivable,EquityMarketable securities
As of December what is the net income for Peter's Cookies
$
$
$
$
