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Financial statement data for Delicious Dishes, Inc. is given below. All figures are in dollars. Use this data to construct an Income Statement for the
Financial statement data for Delicious Dishes, Inc. is given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2019 and use your constructed statement to answer the question below the chart: Advertising 16,400 Beginning of year inventory 128.700 Depreciation 5.200 End of year inventory 124.600 General and administrative expenses 21.900 Gross sales 824,500 Interest expense 21.700 Lease payments 12.000 Management salaries 104.600 Purchases 524,700 Research and development 12.600 Retums and allowances 3.600 Taxes 35.900 What was operating profit (i.e., EBIT) from Delicious Dishes income statement for the year ending December 31, 2019
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