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3-2. (Preparing an income statement) Prepare an income statement and a common- sized income statement from the following information. Sales Cost of goods sold General

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3-2. (Preparing an income statement) Prepare an income statement and a common- sized income statement from the following information. Sales Cost of goods sold General and administrative expenses Depreciation expenses Interest expense Income taxes $525,000 200,000 62,000 8,000 12,000 97,200

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