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Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced

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Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $120 per unit. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing

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