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Foundations of financial management Chapter 2, problem. Please provided step by step for the following income statement: Sales 489,000.00 Cost of goods sold 156,000.00 Selling

Foundations of financial management Chapter 2, problem. Please provided step by step for the following income statement:

Sales 489,000.00

Cost of goods sold 156,000.00

Selling administrative expenses 112,000.00

Depreciation expense 73,000.00

Interest expenses 45,000.00

Taxes 47,000.00

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