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Ejercicio 3-1 You are a summer intem at the office of a local tax preparer. To test your basis knowledge of financial statements, your manager

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Ejercicio 3-1 You are a summer intem at the office of a local tax preparer. To test your basis knowledge of financial statements, your manager gives you the fullowing list of accounts and asks you to prepare a simple income statement using those accumunts. Aconun Depreciation General and administrative expenses Sales Sales expenses Cost of goodt sold Lease expense Interest expense (8000,000) $ 25 22 345 18 255 a. Arrange the accounts into a well-labeled income statement. Make sure you labe! and solve for gross profit, operating profit, and net profit before taxes. b. Using a 21% tax rate, calculate taxes paid and net profit after taxes. 6. Assuming a dividend of $1.10 per share with 4.25 million slantes outstanding calculate EPS and additions to retained carnings

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