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The Creamery Budgeted Income Statement For the Month of April Sales ( from Sales budget) Allowance for bad debts Net sales Cost of merchandise sold

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The Creamery Budgeted Income Statement For the Month of April Sales ( from Sales budget) Allowance for bad debts Net sales Cost of merchandise sold Cheese ($160k X $8) Ice Cream ($240 X2) Wages and salaries Overhead Selling and administrative Net income

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