Prepare an income statement for Toys 4 U for the fiscal year ended December 31, 20xx in proper form (see sample of proper form on next page).
Kevin has worked in a retail toy store for 8 years. Last year, Kevin’s wages were $55,000. Lately, Kevin has been unhappy with the shop’s owner. Convinced that he could run a toy store better at a lower cost, Kevin decided to go into business for himself and opened up Toys 4 U. To get […]