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Make a single-step income statement for Marigold

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Question - Marigold Co. had sales revenue of $559,400 in 2020. Other items recorded during the year were:

Cost of goods sold $325,800

Salaries and wages expense 124,200

Income tax expense 27,150

Increase in value of company reputation 16,190

Other operating expenses 12,470

Unrealized gain on value of patents 21,030

Make a single-step income statement for Marigold for 2020. Marigold has 108,100 shares of stock outstanding.

Reference no: EM132607485

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