1 answer

Prepare Income Statement Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800...

Question:

Prepare Income Statement

Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800 Selling and administrative expenses 3,41Prepare an income statement for Kellogg Company for the year ended December 31, 202 KELLOGG COMPANY Income Statement (in mill

Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800 Selling and administrative expenses 3,410 Sales revenue 12,400 360 Accounts payable Cash 1,070 Notes payable 50 Common stock 140 320 Income tax expense Interest expense 561
Prepare an income statement for Kellogg Company for the year ended December 31, 202 KELLOGG COMPANY Income Statement (in millions) $4 2$

Answers

KELLOGG COMPANY
Income Statement
For the year ended December 31, 2020
REVENUES
Sales Revenue              12,400
EXPENSES
Cost of goods sold                6,800
Selling and administrative expenses                3,410
Interest expenses                   320
Income tax expenses                   561
Total expenses              11,091
Net Income                1,309
.

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