Use the Following 2017 Data to Prepare an Income Statement

question 109

Essay

Use the following 2017 data to prepare an income statement for Kvass,Inc.
$$\begin{array} { | l | r | } \hline \text { Other Selling and Adrninistrative } & \$ 1,050,300 \\\text { Expenses } & \\\hline \text { Other Expenses } & 247,600 \\\hline \text { Sales Revenue } & 4,885,300 \\\hline \text { Advertising arnd Promotion Expenses } & 552,500 \\\hline \text { Wages Expense } & 2,524,400 \\\hline \text { Income Tax Expense } & 166,500 \\\hline \text { Interest Expense } & 113,900 \\\hline \text { Account Payable } & \\\hline \text { Account Receivable } & \\\hline \text { Interest Payable } &\\\hline\end{array}$$