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Question(s) / Instruction(s):

Using the following list of accounts, prepare income statements. (The $000,000 indicates all numbers are millions.)                                                                         

Accounts                                                             $000,000

Product Revenues                                           400

New Product Development                        50

Interest Expense                                             4

Marketing Expenses                                       15

Production Materials & Labor                     245

Depreciation                                                      20

Corporate IT expense                                    15

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