Here is the income statement for Skysong, Inc. Sales revenue Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 2. 3. $438,400 217,900 220,500 89,500 $ 131,000 Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2022. The market price of Skysong stock was $15 in 2022. Cash dividends of $21,300 were paid, $5,500 of which were to preferred stockholders.
Here is the income statement for Skysong, Inc. Sales revenue Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 2. 3. $438,400 217,900 220,500 89,500 $ 131,000 Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2022. The market price of Skysong stock was $15 in 2022. Cash dividends of $21,300 were paid, $5,500 of which were to preferred stockholders.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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