Copy of Acct 201Excel assignment 3(LO 3) E-12 Income Statement

Copy of Acct 201Excel assignment 3(LO 3) E-12 Income Statement

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John Nalezny Corporation Income Statement December 2007 Revenue from Operations: Sales 8,100,000 Investment revenue 63,000 Less: Cost of Goods sold 4,800,000 Gross profit 3,363,000 Operating Expenses: Selling expense 2,000,000 Administrative expense 900,000
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Unformatted text preview: Interest expense 211,000 Total operating expenses 3,111,000 Income (net income tax) 252,000 Extraordinary gain (net) 80,000 Net income 332,000 Note: close to retained earnings on balance sheet as of December 31, 2007...
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