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3) Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends $642,100 409,800 138,400

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3) Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends $642,100 409,800 138,400 93,900 15,600 78,300 27 500 50,800 $12,700

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