# Accouting

posted by .

I need to prepare a multi-step income statement for Coyote, Inc from a single-step statement. Thuis is the following information that I was given.

Net sales \$1,833,000
Interest Income 13,000
__________
1,846,000

Costs and expenses
Cost of goods sold 1,072,000
Selling expenses 279,000
Depreciation 14,000
Interest expense 16,000
Income tax expense 116,000
________
Net income \$174,000

My instructor gave the class a template to use. The template has three columns with the headings of 200x, 201x, 202x. I don't know where to get the numbers for the other colums. Can you explain where to find this numbers and what information is needed? Thank you.

## Similar Questions

1. ### comprehensive income

Can I please have help with the following problem. Bee Spears Clothing Stores reported sales of \$250,000 cost of goods sold of \$150,000, operating expenses of \$25,000, income tax expense rate of 30% in calendar year 2006, and an unrealized …
2. ### Account

Here is my question, please help!!! 5. Assume that Z company's chief financial officer gave you the following information: net sales, \$3,800,000; cost of goods sold, \$2,100,000; extraordinary gain (net of income taxes of of \$7,000), …
3. ### finance (net income)

If a firm has a break-even point of 20,000 units and the contribution margin on the firm's single product is \$3.00 per unit and fixed costs are \$60,000, what will the firm's net income be at sales of 30,000 units?
4. ### Accounting

I am having trouble with this problem that is due tonight. Can someone please help!! I am unsure what to do with the information given after the adjusted trial balance. Do I add those numbers into the adjusted trial balance or what …
5. ### accounting

Cournot Company sells 100,000 wrenches for \$12 a unit. Fixed costs are \$300,000, and net income is \$200,000. What should be reported as variable expenses in the CVP income statement?
6. ### accountyin question

how does one prepare a pro forma income with different assumptions given the numbers for current year sales revenue 2,000,000 Cost of goods sold 1,400,000 Gross profit 600,000 Selling & admin.expenses 260,000 Net income 340,000 Cost …
7. ### Fundamentals of finance

"Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2012 level of \$1,500,000. Refer to Genatronâ€™s 2012 income statement below, where the income before interest and …
8. ### Fundamentals of finance

"Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2012 level of \$1,500,000. Refer to Genatronâ€™s 2012 income statement below, where the income before interest and …
9. ### Accounting

Mushroom Company, a retail company, has two departments, "G" and "S". The company's most recent monthly contribution format income statement is presented below. ...................................Total..................................G...............................S …
10. ### Accounting

Aunt Rhea Corporation Income Statement For the Year Ended December 31, 2015 Service Revenue \$ 900,000 Operating Expenses 700,000 Net Income before Income Tax \$ 200,000 Gain on Investment Sale 10,000 Net income Before Income Taxes \$ …

More Similar Questions