Answer:
Total revenues are $3,810,200, other selling and administrative expenses are $1,051,500, and net income is $364,600.
Explanation:
The sum of both revenues will be the total revenue.
Revenues Sales Revenue $ 3,000,000
Service Revenue <u> 810,200 </u>
Total Revenues 3,810,200
From the total expenses, we subtract all the know expenses to get S&A expenses:
Total Expenses 3,445,600
Expenses Salaries and Wages Expense (1,314,900)
Advertising and Promotion Expenses (482,200)
Interest Expense (225,600)
Other Expenses (253,700)
Income Tax Expense <u> (117,700) </u>
Other Selling and Administrative 1,051,500
Net income will be total revenues less total expenses:
3,810,200 - 3,445,600 = 364,600
