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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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