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In its income statement for the year ended December 31,2017, Larkspur, Inc. reported the following condensed data Operating expenses 551,000 Interest revenue Cost of goods Interest expense Income tax expense 35,720 Other comprehensive income (net of $910 tax)6,310 $25,080 12,920 1,672,000 954,560 Loss on disposal of plant assets 53,200 Net sales Prepare an income statement. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2017 Sales 1,672,000 Net SalesNet SalesSue Cole is a new accountant with Simon Company. Simon purchased merchandise on account for $9,000. The credit terms are 1/ 10, n/30. Sue has talked with the companys banker and knows that she could earn 6% on any money invested in the companys savings account Your answer is partially correct. Should Sue pay the invoice within the discount period or should she keep the $9,000 in the savings account and pay at the end of the credit period? Support your recommendation with a calculation showing which action would be best Sue | should | take the discount as it will result in | savings | of $ | 90 eTextbook and Media Attempts: 2 of 3 used Check AnswerFinancial information for two companies are presented below Fill in the missing amounts Crane Company Sheridan Company 95,800$ Sales revenue Sales returns and allowances Net sales Cost of goods sold Gross proft Operating expenses Net income $3,000 83,800 129,000 54,400 44,000 14,300 15,000 eTextbook and Media List of Accounts44,000 Gross profit Operating expenses Net income 14,300 15,000 eTextbook and Media List of Accounts Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg. 15.5%) Crane Company Sheridan Company Proft margin Gross profit rate eTextbook and Media List of Accountscan you answer all of the pages please!

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