Income Taxation Assessment Chloe Model Trains Case study: Chloe’s Model Trains Income Statement & Additional
Income Taxation Assessment Chloe Model Trains Case study: Chloe’s Model Trains Income Statement & Additional Information PLEASE READ THE WORD DOCUMENT FOR INSTRUCTIONS Chloe’s Model Trains Ltd Income Statement (Profit & Loss) $ $ $ Income Sales Revenue 110,000 Less Cost of Goods Sold Opening Inventory 6,000 Purchases 25,400 Closing Inventory (7,500) Cost of Goods