12/31/X1 income statement?
* What is the amount of earnings before taxes (EBT) to be reported on ABC Company's 12/31/X1 income statement?
income statement? $17,800$12,000$14,100$18,500
Concept CheckAdditional Information for MKH Co. in 20X1:1. Net income for year 20X1 was $216,000.2. The company declared and paid a cash dividend of $132,800.3. The only posting to the net equipment account was for depreciation expense of $35,000 (i.e., no equipment was sold).