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Income Statement Sales Cost of goods sold Gross Profit Operating Expenses Depreciation expense General and Admin expense Total Operating Expenses Operating Income Interest expense Earnings

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Income Statement Sales Cost of goods sold Gross Profit Operating Expenses Depreciation expense General and Admin expense Total Operating Expenses Operating Income Interest expense Earnings before tax Net Income Taxes 573 000 297 000 276 000 66 000 79 000 145 000 131 000 4 750 126 250 50 500 75 750

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