Make an income statement using the format required by gaap

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AJ Manufacturing Company incurred $60,000 of fixed product cost and $48,000 of variable product cost during its first year of operation. Also during its first year, AJ incurred $19,000 of fixed and $15,000 of variable selling and administrative costs. The company sold all of the units it produced for $200,000.

Problem 1: an income statement using the format required by generally accepted accounting Principles (GAAP).

Reference no: EM132839637

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