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What is the correct order of the following steps in preparing a projected income statement (not all steps may be shown)?

What is the correct order of the following steps in preparing a projected income statement (not all steps may be shown)?

  • I. Project future net sales
  • II. Project future net income
  • III. Project future cost of goods sold
  • IV. Project future interest expense 

A.I, III, II, IV

B.I, II, III, IV

C.I, III, IV, II

D.II, IV, III, I

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