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5.1 5.2 Illustrate what an income statement looks like from Sales showing all additions or subtractions to arrive at the Profit. You do not need

5.1 5.2 Illustrate what an income statement looks like from Sales showing all additions or subtractions to arrive at the Profit. You do not need to use any figures, instead use (XXX) in place of figures. Differentiate between income, costs and profit using relevant examples of each variable.

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