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Exerc The following is a list of accounts for Company ABC at the end of the year: 1: Sales: $100,000 Cost of goods sold: $60,000
Exerc The following is a list of accounts for Company ABC at the end of the year: 1: Sales: $100,000 Cost of goods sold: $60,000 Operating expenses: $20,000 Interest income: $5,000 Income tax expense: $10,000 Instructions: Prepare an income statement for Company ABC for the year.
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