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Prepare an income statement given the information below: Crop Sales $153,000 Operating Expenses $97,500 Livestock Sales   ...

Prepare an income statement given the information below:

Crop Sales $153,000

Operating Expenses $97,500

Livestock Sales    $24,000

Interest Paid on Loans $16,500

Breeding Stock $3,000

Salaries expenses $10,000

Depreciation Expense $10,000

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Assumed tax rate of 35%

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