Question: Complete the following income statement (both dollar amounts and component percents) Amounts Component Percents Sales revenue $ % COGS 40% Gross Margin $120,000 Operating Expenses

Complete the following income statement (both dollar amounts and component percents) Amounts Component Percents Sales revenue $ % COGS 40% Gross Margin $120,000 Operating Expenses Interest expense 2% Income (before income tax) Income tax expense (rate 20%) Net Income 6%

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