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Given the following information for Smashville, Inc., construct an income statement for the year: |
Cost of goods sold: | $ | 259,000 | |
Investment income: | $ | 3,100 | |
Net sales: | $ | 551,000 | |
Operating expense: | $ | 94,000 | |
Interest expense: | $ | 7,400 | |
Dividends: | $ | 11,000 | |
Tax rate: | 30 | % | |
What are retained earnings for the year? (Input all amounts as positive values. Omit the "$" sign in your response.) |
Apr 05 2020 Read more Less More
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