Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold $ 712,000...
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Accounting
Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold $ 712,000 299,000 Gross margin Selling and administrative expenses 413,000 217,000 Net operating income Gain on sale of equipment 196,000 9,000 Income before taxes Income taxes 205,000 Net income $ 123,000
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