Use the following information: total sales: $100,000, rent revenue: $50000, other revenue: $20000, selling expenses: $30000, operating
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Question:
Use the following information: total sales: $100,000, rent revenue: $50000, other revenue: $20000, selling expenses: $30000, operating expenses: $50000, cost of goods sold: $10000, interest expenses: $10000, and tax rate: 20%.
Prepare a single-income statement.
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