Question: 15) (16 Points - Chapter 3) Prepare an income statement and a common-sized income statement below with the given information: Sales $525,000, Cost of goods

15) (16 Points - Chapter 3) Prepare an income statement and a common-sized income statement below with the given information: Sales $525,000, Cost of goods sold $200,000, general and administrative expenses $62,000, depreciation expenses $8,000, interest expense $12,000, income taxes $97,200

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