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4 pts The accounting records of Sparky Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 20x1. Sparky

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4 pts The accounting records of Sparky Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 20x1. Sparky prepares multiple-step income statements and use 25% as the tax rate. Use the following information to determine Sparky Corporation's Income from Operations for 20x1: Sales revenue $3,425,000 Selling expense $782,000 Research and development 96,400 Gain on sale of bonds 20,300 Interest income 18,400 Cost of goods sold 1,611,000 Loss due to fire 112,000 General and administrative expense 585,700 Interest expense 32.000 Unrealized Loss-AFS securities $ 12,000 O $335.300 O $317.900 O $340.900 5244,000 00 DOU GOO FO DH 8 82 13 * - @ # $ & % ( 9 ) 0 2 3 4 5 6 7 00 8 W E R Y 0

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