Sydco is in the bowling ball industry and you are Sydco is in the bowling ball industry and you are interviewing for a position as chief accountant in their Dallas office. In order to assure the management staff that you are qualified for the job, one of the tasks they have asked you to do is an evaluation of useful data into a form that can be used by all of management. You have been given the following information: Sydo Summary Gross Income $ 360 Depreciation Expense $ 81 Tax Rate 40% After Tax Cost of Capital 9% Operating Income $ 30 Interest Expense $ 8 Current Assets $ 196 Net Plant and Equipment $ 126 Current Liabilities $ 87. How I do the Income statements?
