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    Pedersen Company Income Statement

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    Presented here are the components in Pedersen Company's income statement. What are the missing amounts.

    Sales Cost of Goods Sold Gross Profit Operating Expenses NetIncome
    $ 71,200 (b) $30,000 (d) $10,800
    $108,000 $70,000 (c) (e) $29,500
    (a) $71,900 $109,600 $46,200 (f)

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    Solution Preview

    You can use following formulas to solve for missing amounts. You just neet to input given two amounts to compute the third.

    Gross Profit ...

    Solution Summary

    The expert examines Pedersen Company income statements.