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Rainbow Company s income statement and comparative balance sheets follow. RAINBOW COMPANY Income Statement For Year Ended December 3 1 , Year 8 Sales $
Rainbow Companys income statement and comparative balance sheets follow.
RAINBOW COMPANY
Income Statement
For Year Ended December Year
Sales $
Dividend income
Total revenue
Cost of goods sold $
Wages and other operating expenses
Depreciation expense
Patent amortization expense
Interest expense
Income tax expense
Loss on sale of equipment
Gain on sale of investments
Net income $
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