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Gewand 340 CoM GP DOWY 2000 200 TO 00 195.000 Sammy's Sandwich Shop Income Statement...

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Gewand 340 CoM GP DOWY 2000 200 TO 00 195.000 Sammy's Sandwich Shop Income Statement Year Ended December 31, 20xx Net Sales Revenue $ 195,000 Gain on sale of Land 24,600 Total Revenue 219.600 Cost of Goods Sold 85,200 Gross Profit 134,400 Operating Expenses Salaries Expense 35.600 Interest Expense 6.000 Depreciation Expense 4.800 Utilities Expense 3.700 Total Operating Expense 50.100 Income from Operations 34,300 Other Income Sales Discounts Forfeited 10.700 Net Income $ 95,000 Requirement Prepare a corrected musste income statement and make a recommendation to Lewis about whether Sam Sandwich Shop should undertake the expansion. vore classifying Edit wat omat Tools 12 - PBI VAL THOR

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