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Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax
Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense $1,651,000 248,300 4,886,000 552,850 2,525,800 166,850 114,250 Required: Prepare the annual income statement for Kvass, Inc. KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues: Total Revenues Expenses: Total Expenses
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