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Firm A generated $ 500,000 in Sales for year ended December 31, 2020. The Gross...

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Accounting

Firm A generated $ 500,000 in Sales for year ended December 31, 2020. The Gross Margin is 60% and S,G,&A totaled $ 50,000. The Pre-Tax Income is $ 200,000 and the After-Tax Rate is 80%. Based upon this information, please present an Income Statement for Firm A.

Based upon your statement prepared for # 4, please prepare a Vertical Analysis Income Statement.

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