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Business, 07.08.2019 03:10 dyp

Calgary industries is preparing a budgeted income statement for 2018 and has accumulated the following information. predicted sales for the year are $730,000 and cost of goods sold is 40% of sales. the expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000, which includes $23,000 of depreciation. the company’s income tax rate is 30%. the budgeted net income for 2018 is:

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