The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Locomotive Corporate Division Total Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax Rails Division O $21,150 Ob. $33,600 O $8,700 O4 $60,800 $ 47,200 27,200 108,000 The income from operations for the Rails Div ails Division is $30,720 20,040 78,000 $2,040 18,160 4,700

Seaforce Manufacturing Inc. Income Statement Year Ended December 31, 20X5 Sale     $ 340,000 Cost of goods sold     $ 250,100 Gross Profit     $ 89,900 Operating Expenses $ 55,000     Loss on Sale of equipment $ 2,500 $ 57,500 Profit from Operations     $ 32,400 Other expenses         Interest Expense     $ 3,500 Profit before Income Tax     $ 28,900 Income Tax Expense     $ 12,000 Profit     $ 16,900   Additional Information: Operating expenses include depreciation expense of $10,000 Accounts Payable related to the purchase of inventory Equipment that cost $12,500 was sold at a loss of $2,500 New equipment was purchased during the year for $8,500 Dividends declared and paid in 20X5 totaled $3,000 Common shares were sold for $12,000 cash Interest payable in 20X5 was $800 greater than interest payable in 20X4 The company uses IFRS and do not treat dividends as part of operations Seaforce Manufacturing Inc. comparative balance sheet at December 31 20X5…

Income statements for Burch Company for Year 3 and Year 4 follow: BURCH COMPANY Income Statements Year 4 Year 3 $200,000 124,000 20,000 18,000 $240,000 180,000 Sales Cost of goods sold Selling expenses Administrative expenses 26,000 12,000 7,500 $225,500 14,500 1,200 $ 13,300 8,000 $170,000 30,000 3,000 $ 27,000 Interest expense Total expenses Income before taxes Income taxes expense Net income Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required 8 Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place, (i.e., 0.234 should be entered as 23.4).) BURCH…

PROVIDE Answer with calculation

Grandy productions reported the following items for the current year sales 15,250,000; cost of goods 8750,000; depreciation expense 335,000; taxes925,000 administrative expenses; 275,000 interest, expenses; 97,500 and marketing expenses 385,000. What is grandes operating income?

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