Answer:
HANSEL REALTY
Income Statement
For Year Ended December 31, 2017
Sales_____________________ 35200
Sales return and allowances__ 1095
Sales discount______________ 1155
Net Sales__________________32950
Cost of sales________________10267
Gross Margin______________ 24933
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Operating Expenses Â
Salary expense_____________ 5350
Insurance expense__________ 2750
Plumbing expense__________ 253
Total expenses_____________ 8353
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EBITDA____________________16580
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Othee expenses Â
Depreciation_______________ 118
Rent expense______________ 213
total other expenses_________ 331
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Net income_________________16249
Explanation:
Cost of sales
Begining Inventory__________ 1251
+Purchases________________ 10662
-Purchases discount_________ 43
-Ending Inventory___________ 1603
Cost of sales________________10267
Â
Sales_____________________ 35200
Sales return and allowances__ 1095
Sales discount______________ 1155
Net Sales__________________32950
Cost of sales________________10267
Gross Margin______________ 24933
Â
Operating Expenses Â
Salary expense_____________ 5350
Insurance expense__________ 2750
Plumbing expense__________ 253
Total expenses_____________ 8353
Â
EBITDA____________________16580
Â
Othee expenses Â
Depreciation_______________ 118
Rent expense______________ 213
total other expenses_________ 331
Â
Net income_________________16249