Huron Corporation:Income statement
Income statement
For the year ended December 31, 20×2
| Particulars | Amounts $ |
| sales revenue | 2,115,000 |
| Less: cost of goods sold | 1,762,000 |
| Gross margin | 353,000 |
| Selling and administrative expenses | 269,000 |
| Income before taxes | 84,000 |
| Income tax Expense | 25,000 |
| Net income | 59,000 |
References
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