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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.) Income
Income statement. Use the data from the following financial statement in the popup window, Complete the income statement below: (Round to the nearest dollar.) Income Statement Year Ending 2017 Sales revenue $353,000 Cost of goods sold $149,000 Fixed costs $43,800 Selling, general, and administrative expenses $27,000 Depreciation $47,000 EBIT Interest expense Taxable income Taxes Net income CA GA Complete the partial income statement if the company paid interest expense of $18,000 for 2017 and had an overall tax rate of 40% for 2017. X Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $353,000 $149,000 Cost of goods sold Fixed costs $43,800 $27,000 Selling, general, and administrative expenses Depreciation $47,000 Print Done
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