If the company has a marginal tax rate of 33.33% determine

[Aakanksha]

The following financial information is give for Company ABC for the year ended 12/31/04.

General and Admin expense $5,000

Tax expense $4,000

Depreciation expense $7,000

Cost of goods sold $8,000

Interest expense $3,000

Rent Expense $2,000

Dividends paid in 2004 $2,000

1/1/04 Retained earnings $10,000

If the company has a marginal tax rate of 33.33% determine:

a) Taxable income for 2004

b) Revenue for 2004

c) Net income for 2004

d) Ending retained earnings for 2004

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