Rizzuto Company supplied the following information for the month of January. $\begin{array}{lr}
\text { Cost of goods sold percentage } & 62 \% \
\text { Selling expense percentage } & 6 \% \
\text { Administrative expense } & 13 \%
\end{array}$ Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.

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The Answer of Rizzuto Company supplied the following information for the month of January. $\begin{array}{lr}
\text { Cost of goods sold percentage } & 62 \% \
\text { Selling expense percentage } & 6 \% \
\text { Administrative expense } & 13 \%
\end{array}$ Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.

Rizzuto Company Supplied the Following Information for the Month of January