Prepare the Statement of Income for St. Clair College, as at December 31, 2023 Gross revenue Advertising Lease (administration) Promotional expenses Office salaries Finance costs Depreciation (administration) Cost of sales Income tax expense Sales salaries Interest income $30,000 3,000 2,000 300,000 35,000 40,000 6,000 Sales discounts Travel expenses Rental charges 520,000 10,000 3,000 2,000 20,000 3,000 5.000

Sep 8, 2023

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Prepare the Statement of Income for St. Clair College, as at December 31, 2023 Gross revenue Advertising Lease (administration) Promotional expenses Office salaries Finance costs Depreciation (administration) Cost of sales Income tax expense Sales salaries Interest income $30,000 3,000 2,000 300,000 35,000 40,000 6,000 Sales discounts Travel expenses Rental charges 520,000 10,000 3,000 2,000 20,000 3,000 5.000
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