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Prepare an income statement for coronado industries

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Reference no: EM133112780

Question - The following items and amounts were taken from Coronado Industries's 2022 income statement and balance sheet.

Cash $110,110

Retained earnings 160,154

Cost of goods sold 569,991

Salaries and wages expense 149,680

Prepaid insurance 10,154

Inventory 83,994

Accounts receivable 114,935

Sales revenue 760,436

Notes payable 8,449

Accounts payable 64,207

Service revenue 6,245

Interest expense 2,456

Required - Prepare an income statement for Coronado Industries for the year ended December 31, 2022.

Reference no: EM133112780

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