Question: Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: Sales $24,500,000 10,900,000 Cost of goods sold

Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: Sales $24,500,000 10,900,000 Cost of goods sold 6,300,000 Operating expenses Income tax expense 500,000 discontinued operations Loss on 100,000 New Orleans Adventures Income Statement For the Year Ended December 31

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