Prepare an income statement for Pet Sitters,Inc.,using the following data for the year ending December 31,2007.Show proper order of accounts and operating income and net income.
$$\begin{array}{l}
\begin{array} { l r l r }
\text { Income Tax Expense } & \$ 637,900 & \text { Sales Revenue } & \$ 8,964,500 \
\text { Wages Expense } & 5,986,000 & \text { Amortization Expense } & 375,400 \
\text { Operating and Administrative } & 531,800 & \text { Interest Expense } & 268,400
\end{array}\
\text { Expense }
\end{array}$$

Question

Prepare an income statement for Pet Sitters,Inc.,using the following data for the year ending December 31,2007.Show proper order of accounts and operating income and net income.
 $$\begin{array}{l}
\begin{array} { l r l r } 
\text { Income Tax Expense } & \$ 637,900 & \text { Sales Revenue } & \$ 8,964,500 \
\text { Wages Expense } & 5,986,000 & \text { Amortization Expense } & 375,400 \
\text { Operating and Administrative } & 531,800 & \text { Interest Expense } & 268,400
\end{array}\
\text { Expense }
\end{array}$$

Quizplus · Accepted Answer

The Answer of Prepare an income statement for Pet Sitters,Inc.,using the following data for the year ending December 31,2007.Show proper order of accounts and operating income and net income.
 $$\begin{array}{l}
\begin{array} { l r l r } 
\text { Income Tax Expense } & \$ 637,900 & \text { Sales Revenue } & \$ 8,964,500 \
\text { Wages Expense } & 5,986,000 & \text { Amortization Expense } & 375,400 \
\text { Operating and Administrative } & 531,800 & \text { Interest Expense } & 268,400
\end{array}\
\text { Expense }
\end{array}$$

Prepare an Income Statement for Pet Sitters,Inc