1. LESSON 22-2
Preparing an Income
Statement
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

2. 2
INCOME STATEMENT
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 645
LESSON 22-2

3. 3
INCOME STATEMENT
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 645
LESSON 22-2

4. 4
INCOME STATEMENT
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 645
LESSON 22-2

5. 5
ANALYZING AN INCOME STATEMENT
page 647
Cost of
Merchandise
Sold
÷
Net Sales
=
Cost of Merchandise
Sold Component
Percentage
$1,190,794.80
÷
$2,078,876.70
=
57.3%
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 22-2

6. 5
ANALYZING AN INCOME STATEMENT
page 647
Cost of
Merchandise
Sold
÷
Net Sales
=
Cost of Merchandise
Sold Component
Percentage
$1,190,794.80
÷
$2,078,876.70
=
57.3%
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 22-2