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Please show work and calculations 2012 Income Statement Net sales $17,100 11,200 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable

image text in transcribed Please show work and calculations
2012 Income Statement Net sales $17,100 11,200 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 4,250 S3,900 1.300 Dividends S950 Major Manuseripts, Ine. 2012 Balance Sheet 2012 2012 $3.350 2.780 10,000 Cash Accounts ree. Inventory Total Net fixed assets Total assets $1,040 700 7.500 9.240 400 $20,640 Accounts payable Long-term debt Common stock Retained earnings Total liabilities& equity $20 640 Assume that Major Manuscripts, Inc. is currently operating at 97 percent of capacity and that sales are projected to increase to $20,000. What is the projected addition to fixed assets? A. $0 B. $1,533 C. $1,629 D. $1,646 E, $1,688

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