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Compute net income statement for ABC Company based on the following information: Sales revenue: $50,000 Cost of goods sold: $20,000 Operating expenses: $12,000 Interest income:
Compute net income statement for ABC Company based on the following information:
- Sales revenue: $50,000
- Cost of goods sold: $20,000
- Operating expenses: $12,000
- Interest income: $2,000
- Income tax rate: 30%
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