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a.
2014 2013
Amount Amount Amount Percent
Sales 840,000$ 600,000$
Cost of goods sold 724,500 525,000
Gross profit 115,500$ 75,000$
Selling expenses 52,500$ 37,500$
Administrative expenses 41,400 30,000
Expenses and other:
Total operating expenses 93,900$ 67,500$
Income before income tax 21,600$ 7,500$
Income tax expense 10,800 2,700
Net income 10,800$ 4,800$
b.
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Exercise 15(14)-5
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0%
Increase (Decrease)
[Key essay answer here]
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BEZOS COMPANY
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
2014 2013
Amount Amount Amount Percent
Sales 840,000$ 600,000$ 240,000$ 40.0%
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Score:
Instructions
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ON
For the Years Ended December 31, 2014 and 2013
BEZOS COMPANY
Comparative Income Statement
Increase (Decrease)
Exercise 15(14)-5
Name:
Solution
Section:
Key Code: