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hello I need help with this question please. Thank you. Addison Corporation is currently going through a Chapter 11 bankruptcy. The company has the following

hello I need help with this question please. Thank you.

Addison Corporation is currently going through a Chapter 11 bankruptcy. The company has the following account balances for the current year.

Debit Credit

Advertising expense $41,000

Cost of goods sold $228,000

Depreciation expense $39,000

Interest expense $ 5,000

Interest revenue $39,000

Loss on closingreorganization$126,000

Professional fees $88,000

Rent expense $33,000

Revenues $586,000

Salaries expense $87,000

Prepare an income statement for this organization. The effective tax rate is 20 percent (realization of any tax benefits is anticipated).(Negative amounts under "Reorganization items" should be indicated by a minus sign. All other amounts should be entered as positive.)

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