T Reton Ea 00 Notes Pay Wages Pay 24 Equity APIC 100.000.00 $ y Common Stock 200.000.00 S Retain Earnings 176.167.00 Account Tifes Revenu e Expense Net Income Type Amount Income Statement O Financing Financing Investing Non Cash Non Cash 550,000 550.000 Year 2 550.000 3 950,000 S 1,500.000 A (300.000) 52.500 Sales Revenue 52.500 52.500 29.150 3 (29.150) Non Cash Operating Operating Non Cash Non Cash Non Cash Less: Cost of Goods Sold (29.150) * 70.000 * (117.250 Gross Margin $ 612.500 612.500 612,500 to (254,100) 254.100 3 (254. 100 Operating Operating Non Cash Less: Expenses 3 472 3 (218.600) Sales & Marketing 472.500 700.000 (272850) 700.000 (272.850) Operating Costs Wages 700.000 Non Cash 272850 3 Non Cash Operating Operating Non Cash Operating Operating * 735.000 3 (494,150) 30.000 75,708 3 40.000 S 150.000 3 87.500 S 130.000 (75.708) (40.000) (150.000) (87,500) Research & Development Expense Advertising Expense Depreciation Expense Interest Expense Total Operating Expenses (30.000) (75,708) (30.000) 3 (75,708) 40,000 (40.000) (150,000) (87.500) Operating Operating (150.000) (87.500) to $ (50.000) (38.500) $ 38.500 s (38.500 Operating (88.500) Net Income (Loss) (37,429) 37 429 $ (37,429) Non Cash (10.000) Non Cash A (10.000) Financing Net Change in Cash 1,755.792 500.000 40.000 3 750.000 3 1.050.000 3 515.930 1.365.000 1.015.237 3 349,763
T Reton Ea 00 Notes Pay Wages Pay 24 Equity APIC 100.000.00 $ y Common Stock 200.000.00 S Retain Earnings 176.167.00 Account Tifes Revenu e Expense Net Income Type Amount Income Statement O Financing Financing Investing Non Cash Non Cash 550,000 550.000 Year 2 550.000 3 950,000 S 1,500.000 A (300.000) 52.500 Sales Revenue 52.500 52.500 29.150 3 (29.150) Non Cash Operating Operating Non Cash Non Cash Non Cash Less: Cost of Goods Sold (29.150) * 70.000 * (117.250 Gross Margin $ 612.500 612.500 612,500 to (254,100) 254.100 3 (254. 100 Operating Operating Non Cash Less: Expenses 3 472 3 (218.600) Sales & Marketing 472.500 700.000 (272850) 700.000 (272.850) Operating Costs Wages 700.000 Non Cash 272850 3 Non Cash Operating Operating Non Cash Operating Operating * 735.000 3 (494,150) 30.000 75,708 3 40.000 S 150.000 3 87.500 S 130.000 (75.708) (40.000) (150.000) (87,500) Research & Development Expense Advertising Expense Depreciation Expense Interest Expense Total Operating Expenses (30.000) (75,708) (30.000) 3 (75,708) 40,000 (40.000) (150,000) (87.500) Operating Operating (150.000) (87.500) to $ (50.000) (38.500) $ 38.500 s (38.500 Operating (88.500) Net Income (Loss) (37,429) 37 429 $ (37,429) Non Cash (10.000) Non Cash A (10.000) Financing Net Change in Cash 1,755.792 500.000 40.000 3 750.000 3 1.050.000 3 515.930 1.365.000 1.015.237 3 349,763
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.7C
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whats the income statement for this equation?
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