Question: Prepare an income statement and a common-sized income statement from the following information. Sales $ 525,328 525,328 Cost of goods sold 199,189 199,189 General and

Prepare an income statement and a common-sized income statement from the following information. Sales $ 525,328 525,328 Cost of goods sold 199,189 199,189 General and administrative expense 61,533 61,533 Depreciation expense 8,089 8,089 Interest expense 11,707 11,707 Income taxes 97,924 97,924

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