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Problem 2-22 Income Statement (LG2-1) You have been given the following information for Moore's HoneyBee Corp.: ipped a. Net sales = $30,000,000. b. Gross profit

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Problem 2-22 Income Statement (LG2-1) You have been given the following information for Moore's HoneyBee Corp.: ipped a. Net sales = $30,000,000. b. Gross profit = $18,000,000. c. Other operating expenses = $2,000,000. d. Addition to retained earnings = $4,000,000. e. Dividends paid to preferred and common stockholders $2,000,000. f. Depreciation expense = $2,810,000. Book rences The firm's tax rate is 40 percent. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp. Cost of goods sold Interest expense

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