John Anderson established JOHNManufacturing Co., a company engaged in producing specialized machinery components, and has...
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John Anderson established JOHNManufacturing Co a company engaged in producing specialized machinery components, and has just completed its first full year of operations. Throughout the year, the company generated $ in revenue from the sale of its manufactured products. John oversees a team of employees, comprising production workers and administrative staff. John paid annual salaries of $ to each production worker and $ to each administrative staff member. Cost of good sold including raw materials and factory supplies, totaled $ for the year.Moreover, John incurred $ in taxdeductible travel and entertainment expenses associated with client meetings and business development throughout the year. The lease expenses for the manufacturing facility a taxdeductible expense were $ per month.Depreciation expenses for machinery and equipment used in production amounted to $for the year. John paid $ in interest during the year on a $ loan utilized to launch the business. The company encountered an average tax rate of during the year.using the above information, fill in the blank the write numeric value to construct the Income statement for JOHN Manufacturing CoOperating Expenses:Sales Revenue?less: Cost of Goods Sold?Gross Profit?Operating Expenses: production worker Salaries?Administrative staff salaries?
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