Problem 2-10 (Algo) Income statement [LO2-1]
Precision Systems had sales of $1,170,000, cost of goods of $960,000, selling and administrative expense of $67,000, and operating
profit of $105,000.
Prepare an income statement for Precision Systems.
Note: Input all your answers as positive values.
Precision Systems
Income Statement (partial)
$ 0
$ 0