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The following information is given: Sales, $1,000,000 Gross Profit, $400,000 Net Income, $140,000 Cost of goods sold X Operating expense X Show the income statement
The following information is given:
Sales, $1,000,000
Gross Profit, $400,000
Net Income, $140,000
Cost of goods sold X
Operating expense X
Show the income statement in proper form
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