Question: Do an income statement and a common-sized income statement from the following information. Sales $525,000 Cost of goods sold 200,000 General and administrative expenses 62,000

Do an income statement and a common-sized income statement from the following information.

Sales

$525,000

Cost of goods sold

200,000

General and administrative expenses

62,000

Depreciation expenses

8,000

Interest expense

12,000

Income taxes

97,200

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