Prepare complete multiple step income statement for company

Reference no: EM13257425

Prepare a complete multiple step income statement for thecompany (showing both gross profit and income from operations).Show all computations. (set up the side captions or rows startingwith sales revenue and ending with earnings per share. rely on theamounts and percentages given to infer missing values
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village corporation at dec. 31, 2007
salesrevenue 70000
grossprofit 24500
selling(distribution) expense 8000
administrativeexpense ?
pretaxincome 12000
income taxrate 30%
shares of stock outstanding 3000

Reference no: EM13257425

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