Construct an income statement using the information provided. A company reports the following data:  Interest expense              $10,000 Cost of goods sold          $160,000 Marketing expenses        $70,000 Administrative expenses $50,000 Sales                                 $400,000 Stocks dividends              $5,000 Income tax                        $20,000 Depreciation expense       $20,000

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Organizational Development

A systematic and consistent change in the values or business operations to create overall growth in an organization is referred to as organizational development. It distinguishes itself from routine operations and workflow enhancements. It follows a methodology that management should openly explain business objectives to all workers.