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Income statement information is presented here for two companies: Calculate the missing amounts. Sales Cost of goods sold Gross profit FlounderLtd. NovakLte $88,800 $98,600
Income statement information is presented here for two companies: Calculate the missing amounts. Sales Cost of goods sold Gross profit FlounderLtd. NovakLte $88,800 $98,600 59,496 39,933 Operating expenses 19,500 Income from operations 17,900 Other income 800 0 Other expenses 2,000 Income before income tax. Income tax expense Net income 2,168 13,804
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