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The income statement for the current year is as follows: Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense: Other operating expense Total
The income statement for the current year is as follows: Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense: Other operating expense Total operating expense Operating income Other revenue and expense: Gain on sale of investmemt Interest expense Income before income tax Income tax expense Net income Additional data for the current years as follows: Bonds payable for $ were retired by payment at their face amount. Cash dividends declared were paid, $ All sales were on account.
The income statement for the current year is as follows:
Sales
Cost of goods sold
Gross profit
Operating expenses:
Depreciation expense:
Other operating expense
Total operating expense
Operating income
Other revenue and expense:
Gain on sale of investmemt
Interest expense
Income before income tax
Income tax expense
Net income
Additional data for the current years as follows:
Bonds payable for $ were retired by payment at their face amount.
Cash dividends declared were paid, $
All sales were on account.
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