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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.
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