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Prepare an income statement for last year

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Reference no: EM132869949

Problem - Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information for last year: Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5% of sales. Prepare an income statement for last year. Show the percentage of sales that each line item represents.

Reference no: EM132869949

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