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Prepare an income statement for the company

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Reference no: EM132791808

The following information is available for Coronado Corporation for the year ended December 31, 2020:

cost of goods sold $210,000,

sales revenue $465,000,

other revenues and gains $46,000, and

operating expenses $78,000.

Problem 1: Assuming a corporate tax rate of 35%, Must prepare an income statement for the company.

Reference no: EM132791808

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