Construct an income statement for a firm

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Reference no: EM13285065

Construct an income statement for a firm with the financial information given below. Indicate which parts are the appropriation account, the trading account and the profit and loss account.

-dividends $60,000
-cost of sales $250,000
-overheads $100,000
-sales $500,000
-interest $50,000

Reference no: EM13285065

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