income statement analysis

1




Income statement




Student name

Institutional affiliation

Course code/name

Instructor

Due date

, 2


Single Step Income Statement

Brisky Corporation

Income Statement

For the Year Ended December 31, 2022




Revenue Amount

Net Sales $2,400,000

Interest Revenue $31,000

Total Revenue $2,431,000

Expenses

Cost of Goods Sold ($1,450,000)

Administrative Expenses ($212,000)

Selling Expenses ($280,000)

Interest Expense ($45,000)

Total Expenses ($1,987,000)

Net Income Before Tax $444,000

Income Tax Expense (30%) ($133,200)

Net Income $310,800




Multi-Step Income Statement