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What is the combined single-step income statement

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Jackson Company had the following income statement amounts for the year ended December 31, 2007:

Sales $4,624,274                      Cash dividends declared $ 58,986

Income tax expense 405,107            Interest income 23,088

S,G &A expense 684,175                    Cost of sales 2,958,708

Other expense 6,317                    Retained earnings, 12/31/07 3,074,037

Royalty income 279,459                    Royalty expense 111,586

Question 1: What is the combined single-step income statement and retained earnings for the year ended December 31, 2007.

Reference no: EM132574314

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