A company reports the following data: Interest expense $10,000 Cost of goods sold $160,000 Marketing expenses $70,000 Administrative expenses $50,000 Sales $400,000 Stock dividends $5,000 Income tax $20,000 Depreciation expense $20,000 Construct an income statement using the information provided.

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Q: The income statement for Forklift Electrical Ltd for two years are shown below: Forklift Electrical…

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Q: The income statement for Forklift Electrical Ltd for two years are shown below:…

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