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Arrange the following items into an income statement and balance sheet in the normal order. Gross Profit Accounts payable $66,000 Interest $7,800 Accounts Inventory

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Arrange the following items into an income statement and balance sheet in the normal order. Gross Profit Accounts payable $66,000 Interest $7,800 Accounts Inventory $82,000 $46,000 Receivable Labor Expense $26,000 Accumulated $89,000 Long Term Debt $76,000 Depreciation Net Fixed Assets After Tax Income Overhead $17,000 Cash $47,000 Retained Earnings $45,000 Common Stock $152,000 Sales $250,000 Cost of Goods Sold $155,000 Short Term Debt $25,000 Current Assets Taxable Income Current Liabilities Taxes 40% Depreciation $8,000 Total Assets EBIT Total Liabilities and Gross Fixed Assets $278,000 Net Worth

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