Assume that the Ahmed company has sales for 1.5 millions and took a salary of...
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Assume that the Ahmed company has sales for 1.5 millions and took a salary of $55,000, while the workers were paid $63,000. The company paid $20,000 in warehouse rent every 6 month, and $50,000 in office expenses. The company has a $200,000 note at the bank, with 9% interest rate. The company had income tax rate of 33%. Prepare an income statement for Ahmed company.
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