Data Table interest Revene Net Sales Revenu Cost of Goods So

Data Table interest Revene Net Sales Revenu Cost of Goods Sold Print Done

Solution

Capital city Motorcyle Income Statement For the year ended December 31, 2018 Net Sales Revenue        1,13,500 Cost of Goods Sold            85,000 Gross Profit            28,500 Operating expenses: Selling Expenses      10,500 Administrative Expenses         8,000 Total Operating Expenses            18,500 Income from Operations            10,000 Other revenue and expenses: Interest revenue         1,000 Total other revenue and expenses              1,000 Net income(Loss)            11,000