Income Statement 6 0 Data Table A set of financial statements for Rabbit Company follows:...
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Income Statement 6 0 Data Table A set of financial statements for Rabbit Company follows: (Click to view the financial statements.) Administrative expenses 65,000 Requirement Fill in the missing amounts (indicated with question marks). Operating income.... Interest expense Requirement 1. Fill in the missing amounts. Begin by completing the income statement. 5,000 28,000 Income tax expense Net income ........ Rabbit Company Balance Sheet At December 31, 2012 Rabbit Company Income Statement For the Year Ended December 31, 2012 Sales.................. $ 500,000 Cost of goods sold ....... Gross profit on sales ...... 140,000 Administrative expenses .. 65,000 Operating income ........ Interest expense......... 28,000 Income tax expense ... 13,000 10,100 Cash Accounts receivable ..... Inventory Equipment........ $ ? Accounts payable ... $ 13,000 Note payable ....... 46,000 973,000 Contributed capital.. 610,000 Net income ........ Retained earnings .. Total 1,122,000 Total Enter any number in the edit fields and then click Check Answer. Print Done
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