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Question 6 10 pts Jackson Company had the following income statement amounts for the year ended December 31, 2007: Sales $4,624,274 Cash dividends declared $

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Question 6 10 pts Jackson Company had the following income statement amounts for the year ended December 31, 2007: Sales $4,624,274 Cash dividends declared $ 58,986 Income tax expense 405,107 Interest income 23.088 S.G &A expense 684,175 Cost of sales 2,958,708 Other expense 6,317 Retained earnings, 12/31/07 3,074,037 Royalty income 279,459 Royalty expense 111,586 Prepare a combined single-step income statement and retained earnings for the year ended December 31, 2007. HTML Editore B I U A - I E x x DT 12pt Paragraph 0 words

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