Smartphone Apps

The CEO of Smartphone Apps, LLC is preparing a loan application. Using the data below (only), prepare an Income Statement. Within this Income statement, include totals for Cost of Goods Sold, Gross Margin, Sales General, and Administrative, Earnings before Interest and Taxes, Pretax Income, and Net Income. Also compute the Profit Margin on Sales. Submit using a spreadsheet. Net Revenue $900,000 Production Labor Costs $402547 Material Costs $30125 Marketing $27000 Depreciation $58122 Research and Development $16000 Administrative $139741Interest Expense $21608 Taxes 25%