Following is a partially completed income statement of Reginold Corporation for the year ended December 3 1 , 2004.

Required:
Based on these data and assuming ( 1 ) a 20 percent income tax rate on all items and (2) 25.000 common shares outstanding, complete the income statement. Show all computations.

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Items Net sales revenue Cost of goods sold Gross margin on sales Other Data Amounts $260,000 Gross margin as percent of sales, 35% Expenses