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Prepare an income statement for year ended december

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Reference no: EM131765140

Income Statement (with cost of goods sold adjustment). Milan Company had the following activity for the year ended December 31.

Sales revenue $5,000,000
Selling expenses mce_markernbsp;  825,000
General and administrative expenses mce_markernbsp;  570,000
Cost of goods sold (before adjustment) $2,900,000
Overapplied overhead mce_markernbsp;  109,000

Required: Prepare an income statement for year ended December 31.

Reference no: EM131765140

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