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Develop a detailed Income Statement for Ford Motor Company for the fiscal year ending December 31, 2023, based on the following data: Sales Revenue: $150,000,000
Develop a detailed Income Statement for Ford Motor Company for the fiscal year ending December 31, 2023, based on the following data:
- Sales Revenue: $150,000,000
- Cost of Goods Sold: $80,000,000
- Operating Expenses:
- Salaries and Wages: $20,000,000
- Rent Expense: $5,000,000
- Utilities Expense: $3,000,000
- Depreciation Expense: $15,000,000
- Interest Expense: $10,000,000
- Tax Rate: 30%
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