Calculating Income Statements:

We sold $50,000$ t$-$shirts at $$15$ each in $2020.$ The cost to produce was $$8$ each. What$$s the gross profit?

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We built a website that cost us $$20,000.$ We spent $$60,000$ on online ads. Wages were $$180,000.$ Depreciation of office equipment was $$12,000.$ What$$s the total operating cost? What is the operating profit$/$pre$-$tax income for $2021?$

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