Hello, For the following accounting records ending on 12/31/2016: Selling, general and Admin expenses: $61,200 Accounts Payable: $102,000 Research and Development expenses: $44,400 Loss from Discontinued Operations, (net tax savings of $6,000): $19,200 Provision for income taxes: $88,800 Net Sales: $694,800 Interest Expense: $76 ,800 Net cash provided by Operations: $177,600 Cost of Goods Sold: $326,400. Question: Calculate the company's net income for 2016. Thanks.

Please help me with show all calculation thanku

Ditto Corp.'s income statements accounts at 12/31, adjusted for all items except bonus and income taxes is given below. DR CR SALES $1,300,000 (CR) COST OF GOODS SOLD $700,000 (DR) OPERATING EXPENSES SALARIES $200,000 (DR) DEPRECIATION $50,000 (DR) OFFICE EXP $60,000 (DR) MISC. EXP $40,000 (DR) Income before bonus and tax is $250,000. The income tax rate is 40%. The bonus is equal to 10% of income before bonus and tax, after bonus but before tax, before bonus but after tax, and after both bonus and tax. Make the entries required at 12/31 to adjust salary expense and to record income tax expense.

Wright Company reports the following information for the year ended December 31, 2016: Pretax income from continuing operations (a) $160,000 Pretax income from operations of discontinued Division M 27,000 Pretax loss on disposal of Division M (45,000) Pretax correction of error in understating depreciation in 2015 (8,000) Retained earnings, January 1, 2016 410,000 Cash dividends during 2016 48,000 Income tax payable (b) 41,000   a: Of this amount, revenues are $400,000 and expenses are $240,000. b: Of this amount, $6,750 relates to the pretax income from the operations of discontinued Division M; pretax loss on the disposal of Division M resulted in an income tax savings of $11,250; and pretax correction of the depreciation error resulted in an income tax savings of $2,000. Required: 1. Prepare the year-end journal entry necessary to record the 2016 intraperiod income tax allocation. 2. Prepare Wright’s 2016 income statement and statement of retained…

The following information is available for Tamarisk Corp. for the year ended December 31, 2022. Other revenues and gains   $23,800 Other expenses and losses   4,000 Cost of goods sold   292,000 Sales discounts   4,600 Sales revenue   760,000 Operating expenses   221,000 Sales returns and allowances   10,800 Prepare a multiple-step income statement for Tamarisk Corp. The company has a tax rate of 25%.

I want to answer this question

= Listen Industrial Incorporated has the following account balances: COGS = 4,800; Depreciation = 600; Interest = 300; rent = 1,200; Salaries= 3,600; Sales = 12,000, Taxes = 420. Industrial Incorporated's Operating Cash Flow is_ $1,980 $1,450 $1,800 $1,680 O $1,080

The following information is taken from French Corporation’s financial statements:                                                                                                                            December 31                                                                                                                           2018                  2017  Cash                                                                                                      $63,000           $  27,000 Accounts receivable                                                                           102,000               80,000 Allowance for doubtful accounts                                                         (4,500)               (3,100) Inventory                                                                                               160,000             175,000 Prepaid expenses                                                                                    7,500…

Given the following information for the Green Company:Net sales (all on account)                $5,200,000Interest expense                             240,000Income tax expense                           280,000Net income                                   420,000Income tax rate                                  40%Total assets:         January 1, 2010                        $1,800,000   December 31, 2010                       2,400,000Stockholders' equity:       January 1, 2010                         1,500,000   December 31, 2010                       1,600,000Current assets, December 31, 2010            700,000Quick assets, December 31, 2010              400,000Current liabilities, December 31, 2010       300,000Net accounts receivable:               January 1, 2010                           200,000   December 31, 2010                         180,000 Green's accounts receivable turnover for 2010 was:   Question 16 options:   a)  2.2 times…

Income Statement FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31: Depreciation Expense $ 3,095 Fuel Expense 3,374 Maintenance and Repairs Expense 2,622 Other Expense 10,337 Provision for Income Taxes (Benefit) (219) Purchased Transportation 15,101 Rentals and Landing Fees 3,361 Revenues 65,450 Salaries and Employee Benefits 23,207 Prepare an income statement. FedEx CorporationIncome StatementFor the Year Ended May 31 (in millions)     $Revenues Expenses:       $Salaries and employee benefits     Purchased transportation     Rentals and landing fees     Depreciation expense     Fuel expense     Maintenance and repairs expense     Provision for income taxes (benefit)     Other expense   Total expenses   fill in the blank 19     $Net income