CLASSIFIED INCOME STATEMENT. Prepare a classified income statement for the year ended December 31, 19x9, using the
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CLASSIFIED INCOME STATEMENT. Prepare a classified income statement for the year ended December 31, 19x9, using the following information for Wright Auto Supply:L-1
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Cost of goods sold... Depreciation expense, building Income taxes expense (34% of income before taxes) Interest expense Rent expense, equipment Salaries administrative Sales revenue Wages expense, store $277,000 29,000 ? 2,700 18,000 32,000 571,900 89,000
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