Ludwig Ltd. showed the following amounts for its year just

Ludwig Ltd. showed the following amounts for its year just ended October 31, 2014. Prepare a multistep income statement assuming a tax rate of 25%.
Cost of goods sold ................... $420,000
Gain on sale of plant and
Equipment ........................... 4,000
Interest expense....................... 6,200
Operating expenses ................ $162,000
Sales ....................................... 982,000

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