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. 1. INCOME STATEMENT Lungile Malgas Industries has sales of R546,000, costs of R295,000, depreciation expense of R37,000, interest expense of R15,000, and a tax

. 1. INCOME STATEMENT Lungile Malgas Industries has sales of R546,000, costs of R295,000, depreciation expense of R37,000, interest expense of R15,000, and a tax rate of 21 percent. The firm paid R5...

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