Stein Books Incorporated sold finance textbooks for $ each to High Tuition University in These books cost $ to produce. Stein Books spent $selling expense to convince the university to buy its books.
Depreciation expense for the year was $ In addition, Stein Books borrowed $ on January on which the company paid percent interest. Both the interest and principal of the loan were paid on December X The publishing firm's tax rate is percent.
Prepare an income statement for Stein Books.
Note: Input all your answers as positive values.
tableStein Books IncorporatedIncome Statement,For the Year Ending December XCost of goods sold,$
