Question: Amazon.com is preparing its budgeted income statement for the next fiscal year. The following information is available: Revenue $50,000,000 Cost of Goods Sold $25,000,000 Gross

Amazon.com is preparing its budgeted income statement for the next fiscal year. The following information is available:

Revenue

$50,000,000

Cost of Goods Sold

$25,000,000

Gross Profit


Operating Expenses

$15,000,000

Depreciation

$3,000,000

Operating Income


Calculate the missing values and the operating income.

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