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What is the budgeted income statement for third quarter

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Reference no: EM131744131

Question - Data from various budgets to go by is below.

Sales forecast: $185,000

Interest expense: $2,400

Selling and administrative expenses: $74,450

Cost of goods sold: $56,800

(Company's income tax rate is 30%)

(Income before taxes: $51,350)

What is the budgeted income statement for third quarter of the year?

Reference no: EM131744131

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