Please do not give solution in image format thanku Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded during the year were:Cost of goods soldSelling expensesIncome taxIncrease in value of employeesAdministrative expensesSales RevenueCost of Goods SoldGross Profit£409,200Selling Expenses148,800Prepare an income statement for Blossom for 2022. Blossom has 100,000 shares outstanding. (Round earnings per share to 2 decimalplaces, e.g. 1.48.)31,00018,60012,400BLOSSOM LTDIncome StatementFor the Year Ended December 31, 2022££

This question belongs to the income statement which is the concept of accounting. This crucial…

Answered: Blossom Ltd. had sales revenue of…

Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded du Cost of goods sold Selling expenses Income tax £409,200 148,800 31,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

Please do not give solution in image format thanku

Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded during the year were:
Cost of goods sold
Selling expenses
Income tax
Increase in value of employees
Administrative expenses
Sales Revenue
Cost of Goods Sold
Gross Profit
£409,200
Selling Expenses
148,800
Prepare an income statement for Blossom for 2022. Blossom has 100,000 shares outstanding. (Round earnings per share to 2 decimal
places, e.g. 1.48.)
31,000
18,600
12,400
BLOSSOM LTD
Income Statement
For the Year Ended December 31, 2022
£
£

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