How do show corporate income statement for year ended july

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Reference no: EM132740714

The following information is available from the accounting records of ABCD Ltd. for the year ended July 31, 2019:

Fee discounts and allowances $ 26,000

Fee revenue 1,560,000

Interest revenue 6,000

Other operating expenses 590,000

Salaries expense 750,000

Problem 1: Show corporate income statement for the year ended July 31, 2019. The company has a 20% income tax rate.

Reference no: EM132740714

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