Find the Missing Data $\quad$ $\quad$ $\quad$ $\quad$

question 5

Multiple Choice

Find the missing data. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ CINNAMON AND SPICE, INC.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Income Statement
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ For the Year Ended December 31, 2008
$\begin{array}{l}\begin{array}{|c|r|}\hline\text { Revenues }&\\ \hline \text { Sales Revenue } & \$ 3,810,200 \\\hline \text { Total Revenues } & ? \\\hline & \\\hline \text { Expenses } & ? \\\hline \text { Wages Expense } & 1,314,900 \\\hline \text { Advertising and Promotion Expenses } & 482,200 \\\hline \begin{array}{c}\text { Other Selling and Administrative } \\\text { Expenses }\end{array} & ? \\\hline \text { Interest Expense } & 225,600 \\\hline \text { Income Tax Expense } & 117,700 \\\hline \text { Other Expenses } & 253,700 \\\hline \text { Total Expenses } & \underline{3,445,600} \\\hline & \$?\\\hline\end{array}\end{array}$

• A)Total revenues are $3,810,200,other selling and administrative expenses are $1,051,500,and net income is $364,600.
• B)Total revenues are $2,495,300,other selling and administrative expenses are $1,051,500,and net income is ($950,300).
• C)Total revenues are $364,600,other selling and administrative expenses are $3,081,000,and net income is $7,255,800.
• D)Total revenues are $3,810,200,other selling and administrative expenses are $364,600,and net income is $7,255,800.

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Definitions:

Admission

The process of allowing someone to enter a place, institution, or specific program, often based on certain criteria.

Exposition

The part of a story that introduces the background information about events, settings, characters, or other elements necessary for understanding the narrative.

Substance Use Problem

A condition characterized by the harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Relapse

Repeated drug use and/or alcohol use after a period of improvement from substance abuse.