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income statement follows: Amount $148,000 59,200 Percent of Sales 100% 40% Sales Variable expenses 60% 88,800 22,000 Fixed expenses Net operating income 66,800
income statement follows: Amount $148,000 59,200 Percent of Sales 100% 40% Sales Variable expenses 60% 88,800 22,000 Fixed expenses Net operating income 66,800
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