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Find: gross profit operating expense operating income tax expense net income Refer to the following given information. The cost of inventory sold to customer $
Find:
gross profit
operating expense
operating income
tax expense
net income
Refer to the following given information. The cost of inventory sold to customer $ 220,000 Advertising expenses $ 25,000 Administrative salary expenses $ 80,000 Issued common stock $ 75,000 Interest income $ 10,000 Insurance expense $ 4,000 Research and development costs $ 22,000 Dividends paid $ 15,000 Tax expense $ 35% Rent expense $ 12,000 Loss from closing a shop $ 8,000 Accrued expenses $ 11,000 Sales price of goods provided to customers $ 450,000 Loss on the sale of a building $ 26,000 Gain that is both unusual and infrequent $ 90,000Step by Step Solution
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