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Please assist with this question Problem 2: 30 points. Shallow Inc. has sales of $1,500,000, costs of $975,000, depreciation expense of $142,000, interest expense of

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Problem 2: 30 points. Shallow Inc. has sales of $1,500,000, costs of $975,000, depreciation expense of $142,000, interest expense of $56,000, and a tax rate of 21 percent. a. Prepare the Income Statement for the rm b. What is the net income for the rm

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