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2. ABC had a 30 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of
2. ABC had a 30 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue 210,000 Cost of goods sold 160,000 Salaries and wages expense 28,000 Depreciation expense 24,000 Dividend revenue 13,000 Rent Revenue 16,800 Utilities expense 1,000 Loss from discontinued operations 30,000 Interest expense 6,300 Interest Revenue 2,600 Prepare the Income Statement and upload it
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