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The income statement for Bradford Machine Company for 2019 appears below. BRADFORD MACHINE COMPANY Income Statement For the Year Ended December 31, 2019 Sales

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The income statement for Bradford Machine Company for 2019 appears below. BRADFORD MACHINE COMPANY Income Statement For the Year Ended December 31, 2019 Sales (40,000 units) $1,000,000 Variable expenses 700,000 Contribution margin 300,000 Fixed expenses 360,000 Net income (loss) ($60,000)

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