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5 July, 18:15

Joyner company's income statement for year 2 follows:

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  1. 5 July, 18:16
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    Joyner company’s income statement for year two follows:

    The Sales are $702,000.

    The Cost of Goods Sold, all in all, is $67,000.

    The Net Operating Income, on the other hand, is $418,000.

    And lastly, the Net Income is priced as $256,800.
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