Question: Problem 4-2 Fill in the following missing income statement values. The cases are independent. Case A Case B Sales 250000 COGS 200000 Goss Profit 150000

Problem 4-2 Fill in the following missing income statement values. The cases are independent.
Case A Case B
Sales 250000
COGS 200000
Goss Profit 150000
Operating Expenses 60000 60000
Operating Income
Interest Expense 10000
Income Before Taxes 80000
Tax Expense (40%) 92000
Net Income

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