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Brandt Corporation had sales revenue of $600,000 for the current year. For the year, its cost of goods sold was $200,000, its operating expenses were

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Brandt Corporation had sales revenue of $600,000 for the current year. For the year, its cost of goods sold was $200,000, its operating expenses were $50,000, its interest revenue was $2,000, and its interest expense was $12,000. Brandt's income tax rate is 30%. Prepare a single-step income statement for Brandt Corporation for the current year

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