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Berg,IncProvides Exotic Wedding Planning Services Required:
Based on the Available Information,provide a Condensed Income Statement

Question 133

Essay

Berg,Inc.provides exotic wedding planning services.Berg's facilities are located in an elevated area with a dry climate.Assume all amounts are pre-tax and a 30% tax rate for 2014.
 Interest expense $230,000 Rent expense 390,000 Flood damage to facilities 270,000 Revenue 2,100,000 Salaries expense 450,000 Advertising expense 170,000 Restructuring charges 55,000\begin{array}{lr}\text { Interest expense } & \$ 230,000 \\\text { Rent expense } & 390,000 \\\text { Flood damage to facilities } & 270,000 \\\text { Revenue } & 2,100,000 \\\text { Salaries expense } & 450,000 \\\text { Advertising expense } & 170,000 \\\text { Restructuring charges } & 55,000\end{array}
Required:
Based on the available information,provide a condensed income statement for Berg,Inc.Include all subtotals needed (appropriately labeled)to present your income statement in good form.

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