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The owner of a bicycle repair shop forecasts revenues of $204,000 a year. Variable costs will be $61,000, and rental costs for the shop are

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The owner of a bicycle repair shop forecasts revenues of $204,000 a year. Variable costs will be $61,000, and rental costs for the shop are $41,000 a year. Depreciation estimates. The tax rate is 30%. on the repair tools will be $21,000. Prepare an income statement for the shop based on these

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