Dear Professor Stiner,

Thank you for your message.

My term exam will start next week. I have to work hard

in order to get good result.

These are the answers for Income Statement Part 2.

1. If revenues were $40,000 and all other transactions were the

same Net Income will be $28,717.

2. If revenues were $30,000 and cost of goods sold were $20,000

Net Income will be $8,717.

3. If revenues were $30,000, cost of goods sold were $10,000, and

total operating expenses were $25,000 Net Income will be loss

$5,000.

English Japanese

accrual method haltu-sei-syuu-gi

accumulated depreciation gen-ka-shou-gyaku-rui-kei-kaku

depreciation expense gen-ka-shou-gyaku-hi

expenses hi-you

operating expenses ei-gyou-hi-you

income statement son-eki-kei-san-syo

Thank you for guarding me through-out the whole lessons.

I will try to do my best in the exam. I hope to contact you very

soon again. Wishing you have a nece summur holiday. Bye-bye!!

Sincerely,

Wong