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Prepare an Income Statement down to Net Income for Company Z using the appropriate accounts from the list below - Cost of Goods Sold $50,000;

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Prepare an Income Statement down to Net Income for Company Z using the appropriate accounts from the list below - Cost of Goods Sold $50,000; Salary Expense = $62,000; Supplies = S8,000; Sales = S230,000; Cash = $56,000; Utility Expense = $33,000. Note - not all accounts will be used and don't forget to include the calculation for Gross Profit (in the proper order). %3D

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