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Crane Corporation reports the following information: sales $2,520,000; cost of goods sold $504,000; administrative expenses $151,200; selling expenses $100,800; dividend income $15,120; other expenses $12,600;
Crane Corporation reports the following information: sales $2,520,000; cost of goods sold $504,000; administrative expenses $151,200; selling expenses $100,800; dividend income $15,120; other expenses $12,600; and income tax expense $18,900. Assuming Penny uses a multiple-step statement of income, calculate the following: Gross Profit Income from Operations $ Income before Income Tax $ Net Income 6A $
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