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Take me to the text Green Light Emissions Everyday (otherwise known as GLEE Corporation) has sales of $497,000 and Cost of Goods Sold of $112,000

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Take me to the text Green Light Emissions Everyday (otherwise known as GLEE Corporation) has sales of $497,000 and Cost of Goods Sold of $112,000 for the year ended November 30, 2020. It also has selling expenses of $75.000 and administrative expenses of $26,000. Prepare an income statement under ASPE taking into account income tax expense. Assume a tax rate of 21% Do not enter dollar signs or commas in the input boxes Do not use negative signs for any values GLEE Corporation Income Statement For the Year Ended November 30, 2020 497000 Sales Cost of Goods Sold 112000 385000 Gross Profit Operating Expenses Selling Expenses 75000 Administrative Expenses 26000 Total Operating Expenses 101000 Income from Operations Income Tax Expense Net Income Type here to search o I E hp

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