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Preparing the Nonoperating Items Section of an Income Statement Gomez Inc, reported the following pretax amounts for the year. Assuming an income tax rate of

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Preparing the Nonoperating Items Section of an Income Statement Gomez Inc, reported the following pretax amounts for the year. Assuming an income tax rate of 25%, prepare the income statement beginning with Operating income. Ignore the earnings per share disclosures. Note: Use a negative sign only for an expense or loss item included in the section Other Revenues (Expenses)

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