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Construct an income statement for the year

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At the end of its third year of operations, the Nusa Manufacturing Company had $4,650,000 in revenue (sales); $3,500,000 in cost of goods sold; $475,000 in total operating expenses; $70,000 in interest expense and had a tax liability equal to 30% of the firm's taxable income. Construct an income statement for the year and find the net profit?

Reference no: EM132673379

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