istory Bookmarks Window Help wwwawhalekscom ALEKS purchase i

istory Bookmarks Window Help www-awh.aleks.com ALEKS purchase iestructions FIN 36o-Spring 2018-F ALEKSGriffin Dougas ALEKS Diaz Company had the following account balances for the current year. Prepare a multiple-step income statement 32 900 45,100 22,500 11,100 25,200 97.300 4,300 2,500 8,800 co Payable Cest of Coods Sold leneral and Administrative Expeoses Prepaid Inurance Seling Expenmes Dias Company Income Staienent For Year EndedDecenmber 31 Revnues Choose onel so Oprating Epees @

Solution

DIAZ COMPANY Income Statement For Year ended ,December 31 Revenues Sales (less sales return and allowances) $94,800 Net Sales $94,800 Cost of goods sold $45,100 Gross Profit $49,700 Operating Expenses Selling,general and administrative expenses $24,200 Total Operating Expenses $24,200 Net Income $25,500