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Please I would like to see the process of how it's done as well. Thank you! In 2021, Flint Corporation reported sales of $225,500, cost
Please I would like to see the process of how it's done as well. Thank you!
In 2021, Flint Corporation reported sales of $225,500, cost of goods sold of $134,849, operating expenses of $54,600, and income tax expense of $18,011. In 2020 , it reported sales of $192,300, cost of goods sold of $109,611, operating expenses of $39,500, other revenues of $10,400, and income tax expense of $13,206. (a) Calculate the gross profit and net income for each yearStep by Step Solution
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