The Following Account Balances for Bucha Corporation Are for the Year

question 29

Essay

The following account balances for Bucha Corporation are for the year ended October 31,2021.Complete an Income Statement for the year assuming the income tax rate is 20%.
$\begin{array}{|l|r|}\hline \text { Revenues } & 3,880.00 \\\hline \text { Operating Expense } & 895.00 \\\hline \text { Gain on Sale of Assets } & 80.00 \\\hline \text { Interest Expense } & 22.00 \\\hline\end{array}$

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