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Use your knowledge of income statements to fill in the missing items: Sales Costs of goods sold $575,000 Gross profit 1,600,000 General and administrative expense
Use your knowledge of income statements to fill in the missing items: Sales Costs of goods sold $575,000 Gross profit 1,600,000 General and administrative expense 200,000 Selling and marketing expense Depreciation 50,000 Operating income Interest 100,000 Income before taxes Incomes taxes (30%) 0 Net income 700,000
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