Directions: Complete the three (3) parts of this assessment for Chapter 2
Part I: Prepare an income statement using the information below for CK Company for the month of February
2021. The income statement information should be presented on the table below.
Sales revenue. 26,250
Rental revenue 6,426
Product expense 21,924
Wages expense 7,938
Owner investment 5,040
Equipment purchases 23,520
Utilities expense 756
Taxes expense 168