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30 Baleen Company supplied the following data at the end of the current year: Sales commissions $12,000 Sales revenue 120,000 17,000 7,500 Research and development
30
Baleen Company supplied the following data at the end of the current year: Sales commissions $12,000 Sales revenue 120,000 17,000 7,500 Research and development Finished goods inventory, Jan. 1 Work-in-process inventory, Jan 1 Finished goods inventory, Dec. 31 Work-in-process inventory, Dec. 31 9,000 6,000 11,000 Cost of goods manufactured 52,000 Required: Prepare an income statement for Baleen Company. Baleen Company Income Statement For the Year Ended December 31, 2022 Gross margin si Step by Step Solution
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