Given the following information, prepare in good form an income statement for the Dental Drilling Company. (Input all amounts as positive values. Selling and administrative expense $ 147,000
Depreciation expense 70,000
Sales 595,000
Interest expense 41,000
Cost of goods sold 206,000
Taxes 47,000

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.