Income statement for the dental drilling company


Problem: Given the following information, prepare, in good form, an income statement for the Dental Drilling Company.

Selling and administrative expense    $ 60,000
Depreciation expense                         70,000
Sales                                               470,000
Interest expense                                40,000
Cost of goods sold                            140,000
Taxes                                                45,000

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Accounting Basics: Income statement for the dental drilling company
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