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Green Light Emissions Everyday (otherwise known as GLEE Corporation) has sales of $593,000 and Cost of Goods Sold of $114,000 for the year ended January
Green Light Emissions Everyday (otherwise known as GLEE Corporation) has sales of $593,000 and Cost of Goods Sold of $114,000 for the year ended January 31, 2020. It also has selling expenses of $97,000 and administrative expenses of $45.000. Prepare an income statement under ASPE taking into account income tax expense. Assume a tax rate of 35%. Do not enter dollar signs or commas in the input boxes. Do not use negative signs for any values. we ogros foramy values GLEE Corporation Income Statement For the Year Ended January 31, 2020 Sales 593000 Cost of Goods Sold 114000 Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Income from Operations Income Tax Expense Net Income
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