Reference no: EM131890606
Thieves have broken into your computer system and have stolen key numbers from your firm's income statement. Can you replace them?
Income Statement for Problem 6
Year 2 Year 1
Sales $2,658,00 $2,435,00
Cost of goods sold $_________ $967,000
Selling & general expense $ 867,000 $ 831,000
Earnings before interest & taxes $768,000 $___________
Interest on debt $ ________ $ 831,000
Earnings before taxes $558,0000 $____________
Taxes $_________ $175,0000
Net income $335,000 $__________
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