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Doan Company requested that you (1) assign indirect expenses to its jewelry and shoes departments as appropriate and (2) prepare an income statement for July

Doan Company requested that you (1) assign indirect expenses to its jewelry and shoes departments as appropriate and (2) prepare an income statement for July 201X showing departmental contribution margins along with net income. Assume a 30% tax rate.

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Salaries are based on net sales. All other indirect expenses are based on square footage.

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