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Income Statement Q2 Suppose Lightspeed Industries has the following revenue and expenses for 2017: Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses

Income Statement Q2

Suppose Lightspeed Industries has the following revenue and expenses for 2017:

Revenues of $9,800,000

Cost of Goods Sold of $1,960,000

Depreciation Expenses of $800,000

Income Taxes of $2,196,000

Interest Expenses of $170,000

Other Expenses of $400,000

Sales, General, & Administrative Expenses of $980,000

Build an income statement with amounts in thousands

What is the value of Gross Income?

Please specify your answer in the same units as the income statement.

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