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Using the following information, compute NET INCOME. Cost of Goods Sold $ 6,000 Interest Expense 1,100 Selling and Administrative Expense 750 Cash 400 Sales 10,000
Using the following information, compute NET INCOME.
Cost of Goods Sold | $ 6,000 |
Interest Expense | 1,100 |
Selling and Administrative Expense | 750 |
Cash | 400 |
Sales | 10,000 |
Wages Payable | 250 |
Dividends | 700 |
Retained Earnings (beginning) | 1,000 |
Income Tax Expense | 1,200 |
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