Prepare cougars statement of income for the year ended december 31, 2012I have included an image below, thank you EXERCISE 2: PREPARING THE STATEMENT OF INCOMEAt the end of December 31, 2012, Cougar Inc.'s accounts are as follows:pansm isionsnOffice salariesenemose Isi Finance costs$30,000boan 25upindset sd 3,0002,000300,000bem od no no 35,00040,0006,000rb to 520,00010,000Tosinegro 10010 3,000ansmit 2,000Depreciation (administration)Cost of sales ROGATInne Income tax expenseSales salariesInterest incomeenoitesinspo Gross revenueAssots p. 60AdvertisingLease (administration)Promotional expensesSales discountsTravel expensesRental chargesplain21 W OSSmIS20,000 no bussinsgro3,0005,000bookkeepin2921019x3 phim169)QuestionPrepare Cougar's statement of income for the year ended December 31, 2012.

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Description: Prepare cougars statement of income for the year ended december 31, 2012I have included an image below, thank you EXERCISE 2: PREPARING THE STATEMENT OF INCOMEAt the end of December 31, 2012, Cougar Inc.'s accounts are as follows:pansm isionsnOffice

Cougar's IncIncome Statement for the year ended31st December, 2012 Amount ($) Gross Revenue…

Answered: EXERCISE 2: PREPARING At the end of…

Business

Accounting

EXERCISE 2: PREPARING At the end of December THE STATEMENT OF INCOME 31, 2012, Cougar Inc.'s accounts are as follows:

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 1.21EX: Balance sheets, net income Financial information related to Ebony Interiors for February and March...

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