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Find the Missing Data \quad \quad \quad \quad

Question 64

Multiple Choice

Find the missing data. \quad \quad \quad \quad \quad \quad \quad CINNAMON AND SPICE, INC.
\quad \quad \quad \quad \quad \quad \quad \quad Income Statement
\quad \quad \quad \quad \quad For the Year Ended December 31, 2008
 Revenues  Sales Revenue $3,810,200 Total Revenues ? Expenses ? Wages Expense 1,314,900 Advertising and Promotion Expenses 482,200 Other Selling and Administrative  Expenses ? Interest Expense 225,600 Income Tax Expense 117,700 Other Expenses 253,700 Total Expenses 3,445,600$?\begin{array}{l}\begin{array}{|c|r|}\hline\text { Revenues }&\\ \hline \text { Sales Revenue } & \$ 3,810,200 \\\hline \text { Total Revenues } & ? \\\hline & \\\hline \text { Expenses } & ? \\\hline \text { Wages Expense } & 1,314,900 \\\hline \text { Advertising and Promotion Expenses } & 482,200 \\\hline \begin{array}{c}\text { Other Selling and Administrative } \\\text { Expenses }\end{array} & ? \\\hline \text { Interest Expense } & 225,600 \\\hline \text { Income Tax Expense } & 117,700 \\\hline \text { Other Expenses } & 253,700 \\\hline \text { Total Expenses } & \underline{3,445,600} \\\hline & \$?\\\hline\end{array}\end{array}


A) Total revenues are $3,810,200,other selling and administrative expenses are $1,051,500,and net income is $364,600.
B) Total revenues are $2,495,300,other selling and administrative expenses are $1,051,500,and net income is ($950,300) .
C) Total revenues are $364,600,other selling and administrative expenses are $3,081,000,and net income is $7,255,800.
D) Total revenues are $3,810,200,other selling and administrative expenses are $364,600,and net income is $7,255,800.

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