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Income Statement

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Please provide all answers neatly in the attached excel spreadsheet (with correct formulas) as well as a step by step answers in a word document. Bayside Inc. QUIZ 1 2006 Income Statement($ in thousands)Net sales 5,680 Less: Cost of goodssold 4,060 Less: DepreciationEarnings beforeinterest and taxes 4201,200 Less: Interest paidTaxable…

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