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Sunflower Oil has total sales of $1,300,000 and costs of $900,000. Depreciation is $42,000 and the tax rate is 34 percent. The firm has interest

Sunflower Oil has total sales of $1,300,000 and costs of $900,000. Depreciation is $42,000 and the tax rate is 34 percent. The firm has interest expenses of $10,000.

1.Prepare an income statement of this company.

2. What is the operating cash flow?

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