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Calculate cost of goods sold and income from operations

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Reference no: EM131571304

Question - On 2014 December 31, Lidowski Company, the amounting records showed:

Net sales - $105,000

Gross Profit - $57,000

Net Income - $21,000

Income tax expense $9,000

Selling, general, and administrative expense - $6,500

Compute Company's cost of goods sold, Income from operations, Income before taxes, and Interest expense.

Net Sales - $105,00

Cost of Goods Sold

Gross Profit

Selling general, and administrative expenses

Income From Operations

Interest Expense

Income Before Taxes

Income Taxes

Net Income

Required: Calculate cost of goods sold, income from operations, Income before taxes and Interest expense.

Reference no: EM131571304

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