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Armad Inc.'s financial accounts contained the following amounts for the period ending September 30, 2013. Prepare an income statement for the year ended September 30,

Armad Inc.'s financial accounts contained the following amounts for the period ending September 30, 2013. Prepare an income statement for the year ended September 30, 2013. Assume the tax rate is 35%.

Line Item Amount
Cost of Goods Sold $1,133,550
Gain on Sale of Capital Assets $5,700
Operating Expenses $360,400
Operating Income from Discontinued Operations $148,100
Sales Revenue $2,519,000

Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Use the negative sign for negative values AND items that must be subtracted. Prepare an income statement for the year ended September 30, 2013.

Armad Inc.
Income Statement
For the Year Ended September 30, 2013
Revenues
Sales Revenue Answer
Cost of Goods Sold Answer
Gross Profit Answer
Operating Expenses Answer
Operating Income Answer
Other Revenue and Expenses
Gain on Sale of Capital Assets Answer
Income before Tax Answer
Less: Income Tax Expense Answer
Income from Continuing Operations Answer
Discontinued Operations
Operating Income Answer
Less: Income Tax Expense Answer Answer
Net Income Answer

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