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Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest

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Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $189,000 $1,700 $323,000 $43,000 $7,400 $9,000 21% What are retained earnings for the year? (Input all amounts as positive values.) 0 $ 0 0 $ 0 Retained earnings 0

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