Use the following information to construct an income statement:
| Cost of goods sold Don't use plagiarized sources. Get Your Custom Essay on use the following information to construct an income statement 599875 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $684,000 |
| Gross profit | $546,000 |
| General and administrative expense | $159,000 |
| Selling and marketing expense | $134,000 |
| Operating income | $228,000 |
| Income before taxes | $87,000 |
| Income tax rate | 27% |
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