Prepare a completed income statement in proper format

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Reference no: EM13576369

1) The information below was obtained from the records of the Thompson Corporation for the year ending December 31, 2013

Sales Revenue $500,000

Gross Profit $300,000

Salary Expenses $50,000

Supplies Expense $30,000

Rent Expense $65,000

Maintenance Expense ?

Pre-Tax Income $130,000

Income Tax Rate 30%

Prepare a completed Income Statement in proper format (showing both gross profit and income from operation calculations) for the year ending December 31, 2013. Please report the gross profit percentage as well.

Reference no: EM13576369

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