I need all the blank answers Challenge Industries, Inc. Income Statement For the

Question

I need all the blank answers

Challenge Industries, Inc. Income Statement For the Year Ended December 31, 2012 (in $ thousands) Sales revenue $ 4,800,000 Less: Cost of goods sold Gross profits Coo Less operating expenses: Selling expense General and administrative expense Depreciation S690.000 150,000 120.000 Total operating expenses S1,560,00 Earnings before interest and taxes Less: Interest expense Earnings before taxes Less: Taxes Net income (Net profits after taxes) Less: Preferred dividends Earnings available for common stockholders 35.000 130,000 180,CoD Less: Dividends To retained eanings Challenge Industries, Inc.

Explanation / Answer

Particulars Amount(in $) Sales            48,00,000 Less: Cost of Goods sold            28,80,000 Gross Profit            19,20,000 Less: Operating Expenses            15,60,000 EBIT              3,60,000 Less: Interest expense                  35,000 Earning Before Taxes              3,25,000 Less: Taxes              1,30,000 Net Income              1,95,000 Less: Preferred Dividends                  15,000 Earning available for common stock              1,80,000 Less: Dividends                  60,000 Retained earnings              1,20,000 Cost of Goods sold            28,80,000 Gross Profit            19,20,000 EBIT              3,60,000 Earning before taxes              3,25,000 Taxes              1,30,000 Net Income              1,95,000 Earn Common Share holders              1,80,000 To Retained Earnings              1,20,000

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