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1) Prepare an income statement from the following information. Sales: $800,000 Cost of Goods Sold: $300,000 Administrative expenses: $50,000 Depreciation expenses: $10,000 Interest expense: $15,000
1) Prepare an income statement from the following information.
Sales: $800,000
Cost of Goods Sold: $300,000
Administrative expenses: $50,000
Depreciation expenses: $10,000
Interest expense: $15,000
Tax rate: 20%
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