Use your knowledge of income statements to fill in the missing items:
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| Cost of goods sold | $575,000 |
| Gross profit | 1,600,000 |
| General and administrative expense | 200,000 |
| Selling and marketing expense | _____ |
| Depreciation | 50,000 |
| Operating income | _____ |
| Interest | 100,000 |
| Income before taxes | ______ |
| Income taxes (30%) | _____ |
| Net income | $700,000 |
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