Use the following Year 3 data:
$\begin{array}{lr}
\text { Other Selling and Administrative Expenses } & \$ 1,050,300 \
\text { Other Expenses } & 247,600 \
\text { Sales Revenue } & 4,885,300 \
\text { Advertising and Promotion Expenses } & 552,500 \
\text { Salaries and Wages Expense } & 2,524,400 \
\text { Income Tax Expense } & 166,500 \
\text { Interest Expense } & 113,900
\end{array}$ Required:
Prepare the annual income statement for Kvass,Inc.

Question

Use the following Year 3 data:
 $\begin{array}{lr}
\text { Other Selling and Administrative Expenses } & \$ 1,050,300 \
\text { Other Expenses } & 247,600 \
\text { Sales Revenue } & 4,885,300 \
\text { Advertising and Promotion Expenses } & 552,500 \
\text { Salaries and Wages Expense } & 2,524,400 \
\text { Income Tax Expense } & 166,500 \
\text { Interest Expense } & 113,900
\end{array}$ Required:
Prepare the annual income statement for Kvass,Inc.

Quizplus · Accepted Answer

The Answer of Use the following Year 3 data:
 $\begin{array}{lr}
\text { Other Selling and Administrative Expenses } & \$ 1,050,300 \
\text { Other Expenses } & 247,600 \
\text { Sales Revenue } & 4,885,300 \
\text { Advertising and Promotion Expenses } & 552,500 \
\text { Salaries and Wages Expense } & 2,524,400 \
\text { Income Tax Expense } & 166,500 \
\text { Interest Expense } & 113,900
\end{array}$ Required:
Prepare the annual income statement for Kvass,Inc.

Use the Following Year 3 Data Required: Prepare the Annual Income Statement for Kvass,Inc

Use the Following Year 3 Data Required:
Prepare the Annual Income Statement for Kvass,Inc