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The general ledger of the Fly - Buy - Nite ( FBN ) Engineering Company contained the following account balances. Construct an income statement. What

The general ledger of the Fly

-

Buy

-

Nite

(

FBN

)

Engineering Company contained the following account balances. Construct an income statement. What is the

net income before taxes and the net profit

(

or loss

)

after taxes? FBN has a tax rate of

21 % .

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