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The income statement for Spinx, Inc., is presented below: SPINX, INCORPORATED STATEMENT OF EARNINGS FOR THE YEAR ENDED DECEMBER 3 1 , CURRENT YEAR

The income statement for Spinx, Inc., is presented below:
SPINX, INCORPORATED
STATEMENT OF EARNINGS
FOR THE YEAR ENDED DECEMBER 31, CURRENT YEAR
\table[[Net sales,],[Costs and expenses:,$4,395,253
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