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Income statement. Use the data from the following financial statement in the popup window, Complete the income statement below: (Round to the nearest dollar.) Data
Income statement. Use the data from the following financial statement in the popup window, Complete the income statement below: (Round to the nearest dollar.) Data table Income Statement Year Ending 2017 Sales revenue $349,000 Cost of goods sold $135,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Fixed costs $42,800 Sales revenue Selling, general, and administrative expenses $27,700 $349,000 $135,000 Depreciation $46,700 Cost of goods sold Fixed costs $42,800 EBIT Interest expense Selling, general, and administrative expenses $27,700 Taxable income Depreciation $46,700 Taxes Net income Print Done A LA EA EA Complete the partial income statement if the company paid interest expense of $17,700 for 2017 and had an overall tax rate of 40% for 2017. X
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