Extracted text: Calculator Just Beachy is a retail business located on the coast of Florida where it sells a variety of beach apparel, T-shirts, and beach-related souvenir items. They purchase all of their inventory from wholesalers and distributors. For the year ending December 31, 2017, they reported the following revenues and expenses. Sales revenue $675,000 Building rent 46,000 Advertising 51,000 Sales staff salaries 83,000 Cost of goods sold 305,000 Utilities 23,000 Supplies 8,000 Using this information, prepare an income statement for Just Beachy for 2017. Just Beachy Income Statement For Year Ending 2017 Sales Revenue 2$ 675,000 Cost of Goods Sold 305,000 Gross Profit 370,000 Advertising $ 51,000 Building Rent 46,000 Sales Staff Salaries 83,000 Supplies 8,000 Utilities 23,000 Previous Next All work saved. Email Instructor Submit Test for Grading 5:39 PM 10/2/2020 3 %24 II
Extracted text: Supplies 8,000 Using this information, prepare an income statement for Just Beachy for 2017. Just Beachy Income Statement For Year Ending 2017 Sales Revenue 675,000 Cost of Goods Sold 305,000 Gross Profit 370,000 Advertising 51,000 Building Rent 46,000 Sales Staff Salaries 83,000 Supplies 8,000 Utilities 23,000 Operating Expenses 211,000 Net Income 159,000 All work saved. %24 %24 %24 %24