Business
Business, 05.02.2021 22:00, harmonyfern5648

The following items and amounts were taken from Wildhorse Co.’s 2022 income statement and balance sheet. Cash $89,400
Retained earnings 120,000
Cost of goods sold 438,800
Salaries and wages expense 118,500
Prepaid insurance 8,100
Inventory 64,900
Accounts receivable 91,000
Sales revenue 587,700
Notes payable 6,100
Accounts payable 51,200
Service revenue 5,100
Interest expense 1,810

Required:
Prepare an income statement for Familia Inc. for December 31, 2022.

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Answers: 1

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The following items and amounts were taken from Wildhorse Co.’s 2022 income statement and balance sh...

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