[tania200]

I have following information on adjusted trial balance, can somebody help me calculate EBIT?


cash $15111
a/R 12440
allowance for bad debit (1252)
INVENTORY 34449
prepaids 1000
trading securities 3000
Security fair value adjust 300
land 59500
building 100,000
accumulated Building (10,000)
equipment 25000
accumulated equpment (5000)
furniture 4000
computer 6000
computer and furnited Accumulated (4000)
A/P (21705)
Accurewd salaries 0
other accuruals (1000)
n/p (107000)
stock par (2000)
Additional paid in capital (98,000)
retianed earning (1412)
sales (165200)
salaries expense 21440
misc expense 1789
van 20,000
note payable van (15720)
INTEREST expense 5960
insurance expense 4000
bad debt expense 1652
COGS 106717
van accoumulated depre (5000)
depreciation expense 14500
unrealized gain (300)
accrued interest (2675)
lower cost to market loss 3142
capital lease 2987
capital lease amortization 272
obligation capital lease (2995)



plzzzzzzzzzzzzzzzzzz help me, this hw is due tomarrow and I'm still struggling with it


I calculated EBIT but I'm not sure if its right


sales $1652000
cogs (106717)
= gross profit 58483
+unrealized gain 300
- selling and admins expenses (49613)
= EBIT 9170
can someone plzzzzzzzzzz check and see if I'm doing it right

[awaishONEY]

Tax expenses whre we include

[awaishONEY]

Tax expenses what will be treated