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3. Arrange the following income statement items so they are in the proper order of an income statement: Taxes Earnings per share Shares outstanding Earnings

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3. Arrange the following income statement items so they are in the proper order of an income statement: Taxes Earnings per share Shares outstanding Earnings before taxes Gross profit shares outstanding Cost of goods sold Interest expense Earnings after taxes Depreciation expense Earnings available to common stockholders Preferred stock dividends Selling and administrative expense Operating profit Sales Gross profit totament for 4. Given the following information prepare in good form an income statement for the Dental Drilling Company. Selling and administrative expense. Depreciation expense ...... Sales ..... Interest expense .. Cost of goods sold... Taxes .... $ 60,000 70,000 470,000 40,000 140,000 45,000

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