document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1187724>Question 1187724</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Compute for budgeted income statement of XYZ Corporation. Below are the data of XYZ Corporation for the year ended December 31, 2020.\r<BR>\n" );
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document.write( "Cost of Goods Sold P 2,600,000<BR>\n" );
document.write( "Gross profit.        2,900,000<BR>\n" );
document.write( "Operating income     2,000,000<BR>\n" );
document.write( "Income Taxes.          133,000<BR>\n" );
document.write( "Net income.          1,767,000\r<BR>\n" );
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document.write( "1.) How much is the sales revenue?<BR>\n" );
document.write( "2.) How much is the selling and administrative expenses?<BR>\n" );
document.write( "3.) How much is the interest expense?<BR>\n" );
document.write( "4.) How much is the income before income taxes?<BR>\n" );
document.write( "5.) What is the percentage of the income taxes? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #820081 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52824)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=820081\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "This forum is not for Finance.\r<BR>\n" );
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