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Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing...

Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.) Sales $ 1,290,000 Shares outstanding 144,000 Cost of goods sold 530,000 Interest expense 20,000 Selling and administrative expense 49,000 Depreciation expense 36,000 Preferred stock dividends 89,000 Taxes 117,000

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