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    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

    © BrainMass Inc. brainmass.com June 3, 2020, 11:58 pm ad1c9bdddf
    https://brainmass.com/business/accounting/income-statement-balance-sheet-example-problem-310572

    Solution Summary

    This solution is comprised of a detailed explanation to fill in the missing information for the calendar year ending December 31.

    $2.19

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