the olive corporation income statement for the year ended december 31, 2019 gross income from operations$270,000 qualified dividends received from a 35 percentowned domestic corporation20,000 total gross income290,000 cost of goods sold(110,000) total income180,000 other expenses compensation of officers$77,000 salaries and wages30,000 bad debts (direct chargeoffs)9,000 repairs3,000 depreciation for book and tax purposes10,000 advertising2,000 payroll taxes16,000 total other expenses(147,000) ne

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Answer 1a 60000 52800 1b Cash Received Interest Bearing Noninterest Bearing 60000088 Effective Inter... View the full answer