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Revenue: Dazzling Automobiles of Ashmont, Ltd. Income Statement For the Year Ended December 31, 2020 Sales revenue $ 650,000 Expenses: Cost of goods sold
Revenue: Dazzling Automobiles of Ashmont, Ltd. Income Statement For the Year Ended December 31, 2020 Sales revenue $ 650,000 Expenses: Cost of goods sold Salary expense Depreciation expense Rent expense Income tax expense Net income 372,000 150,000 40,000 24,000 13,000 $ 51,000
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