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Prepare an income statement in good accounting order with every item labeled and including EPS based on the following data: Tax rate = 22% Preferred
Prepare an income statement in good accounting order with every item labeled and including EPS based on the following data:
Tax rate = 22%
Preferred stock dividends = $72,000
Depreciation expense = $180,000
Interest expense = $320,000
Common stock shares = 65,000
COGS = 70% of sales
Selling/administrative expenses = $210,000
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This is the entirety of the question given to me, it doesn't include sales from what I see :(
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