Income statement-balance sheet-information for the calendar


Question: For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31.

Sales ($)    __________
COGS    200,000
Gross Profit    __________
Expenses    300,000
EBIT    __________
Interest Expense    10,000
EBT    __________
Tax Expense (40%)    36,000
Net Income    __________

Retained Earnings
(Jan 1)          150,000
Dividends Paid 25,000

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Accounting Basics: Income statement-balance sheet-information for the calendar
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