Use your knowledge of income statements and common-size statements to fill in the missing dollar amounts:
| Sales Don't use plagiarized sources. Get Your Custom Essay on use your knowledge of income statements and common size statements to fill in the mi 599876 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $2,876,200 | 100.0% |
| Cost of goods sold | ______ | 74.7% |
| Gross profit | ______ | 25.3% |
| General and administrative expense | $250,000 | 8.7% |
| Selling and marketing expense | $140,000 | 4.9% |
| Depreciation | ______ | 3.8% |
| Operating income | $229,000 | 8.0% |
| Interest | ______ | 4.6% |
| Income before taxes | $97,000 | 3.4% |
| Income taxes (25%) | $24,250 | 0.8% |
| Net income | ______ | 2.5% |
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