Module 02 Written Assignment The Income Statement

Review the account balances of Ma and Pa Grocery as of December 31, 20##, in the .

Requirements:

1. Prepare the Income Statement for the period ending December 31, 20##.
2. Calculate the gross profit % for the year.

Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Excel document. (Mac users, please remember to append the “.xlsx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
Jstudent_exampleproblem_101504