Statement Sheet
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For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31.
Sales ($) __________
COGS 200,000
Gross Profit __________
Expenses 300,000
EBIT __________
Interest Expense 10,000
EBT __________
Tax Expense (40%) 36,000
Net Income __________
Retained Earnings
(Jan 1) 150,000
Dividends Paid 25,000
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Solution Summary
This solution is comprised of a detailed explanation to fill in the missing information for the calendar year ending December 31.
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