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Zach Industries Income Statement for the Year Ended December, 31,2012 Sales...

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Accounting

Zach Industries Income Statement
for the Year Ended December, 31,2012
Sales revenue $159,600
Less: Cost of goods sold 106,500
Gross profits $53,100
Less: Operating expenses
Selling espense $16,400
General and administrative expenses 10,500
Lease expense 1,020
Depreciation expense 9,900
Total operating expense $37,820
Operating profits $15,280
Less: Interest expense 6,200
Net profits before taxes $9,080
Less: Taxes 4,310
Net profits after taxes $4,770
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