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The GAAP income statement for Crane Company for the year ended December 3 1 , 2 0 2 2 , shows sales $ 9 6

The GAAP income statement for Crane Company for the year ended December 31,2022, shows sales $960,000, cost of goods sold $590,000, and operating expenses $220,000. Assuming all costs and expenses are 80% variable and 20% fixed, prepare a CVP income statement through contribution margin.
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