Question: The income statement for Spinx, Inc., is presented below: SPINX, INCORPORATED STATEMENT OF EARNINGS FOR THE YEAR ENDED DECEMBER 3 1 , CURRENT YEAR Net

The income statement for Spinx, Inc., is presented below:
SPINX, INCORPORATED
STATEMENT OF EARNINGS
FOR THE YEAR ENDED DECEMBER 31, CURRENT YEAR
Net sales
\table[[Costs and expenses:,],[Cost of goods sold,$4,395,253
The income statement for Spinx, Inc., is presented below: SPINX, INCORPORATED

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