Question: 16. Prepare an income statement and calculated operating cash using the following data. Account Cost of goods sold Interest expense Balance 1,200,000 35,000 Taxes

16. Prepare an income statement and calculated operating cash using the following

16. Prepare an income statement and calculated operating cash using the following data. Account Cost of goods sold Interest expense Balance 1,200,000 35,000 Taxes -22% of profit before tax Revenue 2,000,000 General, and administrative expenses 87,000 Depreciation 325,000 Selling expenses 150,000

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