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Construct Income Statement(s) for a firm with an accounting break-even point of $1,000,000 and a degree of operating leverage of 3. Assume a corporate income

Construct Income Statement(s) for a firm with an accounting break-even point of $1,000,000 and a degree of operating leverage of 3. Assume a corporate income tax rate of 10%. Show calculations that prove that the accounting break-even point is $1,000,000 and the DOL is 3 for your statement(s)

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