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Use the following information to complete the income statement for Company A for the year ending December 31, 2017 (show work): Income Statement Information Revenue

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Use the following information to complete the income statement for Company A for the year ending December 31, 2017 (show work): Income Statement Information Revenue $ 120,000,000 Gross Margin 56.0% Selling General and Administrative (SG&A) 22.5% of revenue Research and Development (R&D) 15.0% of revenue Depreciation expense (D&A) $ 5,000,000 Interest Expense $ 5,000,000 Interest Income $ 2,600,000 Tax Rate 21% Securities Information Weighted Average Shares (12/31/1X) 10,000,000 A Warrants exercisable @ $2.50 2,500,000 B Warrants exercisable a $3.00 2,500,000 Stock Price (12/31/1x) $5.00 Complete the following Income Statement Answers go in the yellow boxes Points Revenue $ 120,000,000 $ 120,000,000 Cost of Goods Sold Gross Profit 1 Points Complete the following Income Statement Answers go in the yellow boxes Revenue Cost of Goods Sold Gross Profit $ 120,000,000 -- -- Operating Expenses SG&A R&D D&A Operating Expenses Total Operating Income Interest Expense, net Pre Tax Income Tax Net Income 5 1 2 EPS Basic EPS Diluted 5 10

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