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The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 3 1
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December Net sales $ Cost of goods sold Gross profit Expenses: Operating expenses $ Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income $ VIRTUAL GAMING SYSTEMS Balance Sheets December
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