Inferring Income Statement Values – Supply the missing dollar amounts for the 2012 income statement of BGT Company for each of the following independent cases. ( Hint: Organize each case in the format of the classified or multiple-step income statement discussed in the chapter. Rely on the amounts given to infer the missing values.)
|
Case A |
Case B |
Case C |
Case D |
Case E |
|
|
Sales revenue |
$770 |
$ ? |
$ ? |
$600 |
$1,050 |
|
Pretax income |
? |
? |
150 |
130 |
370 |
|
Income tax expense |
65 |
210 |
60 |
45 |
? |
|
Cost of goods sold |
? |
320 |
125 |
250 |
? |
|
Gross margin |
? |
880 |
? |
? |
630 |
|
Selling expense |
90 |
275 |
45 |
70 |
? |
|
Net income |
115 |
275 |
? |
? |
240 |
|
Administrative expense |
200 |
120 |
80 |
? |
175 |