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AMT Tax Consulting reports the following amounts for the fiscal year: cost of services, $200,000;...

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Accounting

AMT Tax Consulting reports the following amounts for the fiscal year: cost of services, $200,000; service revenues, $500,000; income tax expense, $38,000; gain on sale of investments, $10,000; maintenance expense, $25,000; advertising expense, $35,000; selling and administrative expenses, $66,000. Compute gross profit and operating income. Show your answer in the form of a multiple-step income statement

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