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Brother1 - 42,600 Operating income 15,450 Interest expense...

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Brothers' Quintet, Inc. Income Statement For the Year Ended December 31, 20X1 Sales, net $129,000 Cost of goods sold 70,950 Gross profit 58,050 Operating expenses, includes depreciation expense of $14,400
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Unformatted text preview: 42,600 Operating income 15,450 Interest expense 1,950 Loss on sale of equipment 3,000 Income before taxes 10,500 Income tax expense 4,200 Net income $6,300...
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