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

question 171

Essay

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.