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(a)

Skysong Corporation had sales of $3,080,000 for the year ended December 31, 2022. The unit selling price was $14. In makingthe sales, the company incurred the following costs and expenses.

Variable Fixed

Cost of goods sold $548,000 $800,000

Selling expenses 117,000 54,000

Administrative expenses 259,000 78,000

Prepare a GAAP income statement.

SKYSONG CORPORATIONGAAP Income Statement

221 Exam 3 Ch 22-25

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221 Exam 3 Ch 22-25

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The parts of this question must be completed in order. This part will be available when you complete the part above.221 Exam 3 Ch 22-25

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