Question: 3. Construct an Income statement for the company ABC from the following information: Cost of goods sold = $12,647 Depreciation = $1,069 Interest expense =

3. Construct an Income statement for the company ABC from the following information:

Cost of goods sold = $12,647

Depreciation = $1,069

Interest expense = $178

Sales Revenue = $27,121

Selling, general and administrative cost= $8,352

Taxable Income =$4,875

Taxes at 31.92% of Taxable income.

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