Question: Below is some income statement information on company ABD. Prepare an income statement for each of the three years. Show your computations. Sales Interest expense

Below is some income statement information on company ABD. Prepare an income statement for each of the three years. Show your computations.

Sales Interest expense Cost of goods sold Administrative and selling expenses Income

Sales Interest expense Cost of goods sold Administrative and selling expenses Income tax expense Earnings after tax Year 1 $21,087 75 16,182 3,966 324 Year 2 $90 17,709 4,533 252 408 Year 3 $26,613 81 5,547 192 312

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Year 1 Gross profit Sales Cost of goods sold 21087 16182 4905 Operating profit Gross profit Administ... View full answer

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