Escolar Documentos
Profissional Documentos
Cultura Documentos
$262,000
6,900
1,400
-------270,300
Total Revenue
Expenses:
Cost of Goods Sold
Salaries and wages
Advertising
Freight out
Depreciation
Taxes and licenses
Rent
Loss on sale of assets
Interest expense
* Income taxes
Total expense
Net Income
**Basic Earnings Per Share
$159,000
45,000
12,400
4,000
5,000
3,000
6,300
250
350
2,000
-------237,300
-------$ 33,000
========
$
3.30
$266,000
$
3,000
1,000
--------
$ 20,000
165,000
-------185,000
26,000
--------
159,000
-------103,000
$ 45,000
12,400
4,000
5,000
3,000
6,300
--------
4,000
-------262,000
75,700
-------27,300
1,400
6,900
-------(
350)
(
250)
--------
8,300
(
600)
-------35,000
2,000
-------$ 33,000
========
$
3.30
Single-step:
HANSON RETAIL FOOD STORE, INC.
Income Statement
Year Ended December 31, 2006
Net Sales
Other revenue
$262,000
8,300
-------270,300
Total Revenue
Expenses:
Cost of Goods Sold
Operating expenses
Other expenses
Income taxes
$159,000
75,700
600
2,000
--------
Total expense
237,300
-------$ 33,000
========
Net Income
**Basic Earnings Per Share
3.30
Multiple-step:
HANSON RETAIL FOOD STORE, INC.
Income Statement
Year Ended December 31, 2006
Net Sales
Cost of goods sold
Gross Margin (or Gross Profit)
Operating expenses
Income from operations
Other income and expense (net)
Income before taxes
Income taxes
Net Income
**Basic Earnings Per Share
$262,000
159,000
-------103,000
75,700
-------27,050
7,700
-------35,000
2,000
-------$ 33,000
========
$
3.30