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Income Statement Accounts for the year ending 2017 Account Balance Cost of goods sold $340,000 Interest expense $82,000 Taxes $56,000 Revenue $745,000 Selling, general, and
Income Statement Accounts for the year ending 2017
Account | Balance |
Cost of goods sold | $340,000 |
Interest expense | $82,000 |
Taxes | $56,000 |
Revenue | $745,000 |
Selling, general, and administrative expenses | $62,000 |
Depreciation | $119,000 |
a. produce the income statement for the year.
b. produce the operating cash flow for the year.
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