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1. During the fiscal year ended 2018, a company had revenues of $400,000, cost of goods sold of $280,000, Salary Expense of $30,000, Interest Expense

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1. During the fiscal year ended 2018, a company had revenues of $400,000, cost of goods sold of $280,000, Salary Expense of $30,000, Interest Expense of 5,000. The income tax rate is 20 percent on income before income taxes. Prepare in good form) the company's 2018 Income Statement

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