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4. Using the following information, prepare a traditional income statement and a variable costing income statement: Sales $5,000.0001 Variable cost of goods sold 2,100,000 Variable

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4. Using the following information, prepare a traditional income statement and a variable costing income statement: Sales $5,000.0001 Variable cost of goods sold 2,100,000 Variable selling expenses 850,000 Fixed selling expenses 250,000 Fixed manufacturing costs 700,000

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