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McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement: McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Sales $818,220 $741,000 Cost of goods sold 573,400 470,000 Gross profit $244,820 […]


