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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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