Cost flows in a service firm (LO2). The following data pertain to Abel & Associates, a consulting company. Revenues $1,600,450 Gross margin 450,000 Profit before taxes 275,400 Required: Complete an...

Cost flows in a service firm (LO2). The following data pertain to Abel & Associates, a consulting company.

Revenues $1,600,450

Gross margin 450,000

Profit before taxes 275,400

Required:

Complete an income statement to determine (a) the firm’s cost to provide service and (b) its marketing and administration costs.

May 26, 2022

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