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Prepare an income statement for the year ending december

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Reference no: EM132929685

Suppose the following information was taking from 2022 financial statement of pharmaceutical giant Merck and Co. ( All Dollar amounts in millions).

Retained Earnings, January, 1 2022 $43, 900.00

Cost of goods sold $8,500.00

Selling and administrative expenses $9.000.0

Dividends $3,700.00

Sales Revenue $37,600.00

Research and development expense $5,100.00

Income tax expense 2.500.00

Problem 1: After analyzing the data prepare an income statement for the year ending December 31, 2022

Reference no: EM132929685

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