Pickup Trucks Company Budgeted Income Statement For the Year 20X1

Pickup Trucks - 81,000 Total Operating Expenses 201,000 Income from Operations 174,000 Interest Expense 2,880 Income before Income Taxes 171,120

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Pickup Trucks Company Budgeted Income Statement For the Year 20X1 Sales (100,000 × $15) $1,500,000 Cost of Goods Sold (100,000 × $11.25) 1,125,000 Gross Profit 375,000 Operating Expenses Selling Expenses $120,000 Administrative Expenses
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Unformatted text preview: 81,000 Total Operating Expenses 201,000 Income from Operations 174,000 Interest Expense 2,880 Income before Income Taxes 171,120 Income Taxes (40%) 68,448 Net Income $102,672...
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This note was uploaded on 11/16/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

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