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Jewel clothing inc is a clothing store that operates four small boutique clothing stores (family...

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Accounting

Jewel clothing inc is a clothing store that operates four small boutique clothing stores (family clothing stores) in Cleveland, Cincinnati, Columbus, and Toldefo, Ohio. The company incorporated on February 2,2000, and they began business on April 17,2000, and they began business on April 17,2000. For this project, you will be completing an income statement and tax return for the company for the tax year 2022. Jewel Clothing Inc. (JCI) has turned in all its financial records for the current tax year. One of the first steps in preparing the tax return is to prepare an income statement. Required: Using the information provided in the case, prepare an income statement for JCI for the current tax year to calculate accounting net income (also known as book income). Note: this step must be completed in excel
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