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Brief Exercise 147 The following information is available for Westglow Corporation for the year ended December 31, 2020: Corrected overstatement of 2019 depreciation expense Cost

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Brief Exercise 147 The following information is available for Westglow Corporation for the year ended December 31, 2020: Corrected overstatement of 2019 depreciation expense Cost of goods sold Declared cash dividends Operating expenses Other expenses and losses Other revenues and gains Sales revenue Tax rate $15,000 700,000 50,000 170,000 40,000 50,000 1,200,000 40% Prepare a corporate income statement in good form. (List other revenues before other expenses.) WESTGLOW CORPORATION Income Statement For the Year Ended December 31, 2020

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