Question: Current Attempt in Progress The following information is available for Lily Corporation for the year ended December 31, 2022: cost of goods sold $206,000,

Current Attempt in Progress The following information is available for Lily Corporation

Current Attempt in Progress The following information is available for Lily Corporation for the year ended December 31, 2022: cost of goods sold $206,000, sales revenue $464,000, other revenues and gains $51,000, and operating expenses $70,000. Assuming a corporate tax rate of 20%, prepare an income statement for the company. LILY CORPORATION Income Statement

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