Prepare a corporate income statement

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Reference no: EM131259514

Prepare a corporate income statement.

The following information is available for Reinsch Corporation for the year ended December 31, 2017: cost of goods sold $205,000, sales revenue $350,000, other revenues and gains $50,000, and operating expenses $75,000. Assuming a corporate tax rate of 30%, prepare an income statement for the company.

Reference no: EM131259514

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