Question: 1) Set up a skeletal income statement, given the following information: Net sales $1,800,000 COGS 53.2% Expenses 45.0% $ % Net Sales

1) Set up a skeletal income statement, given the following information:

Net sales $1,800,000

COGS 53.2%

       Expenses 45.0%

$

%

Net Sales

COGS

GM

Expenses

Profit/Loss

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