INCOME STATEMENT STRUCTURE. Organize the following items into a properly prepared classified income statement for a firm
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INCOME STATEMENT STRUCTURE. Organize the following items into a properly prepared classified income statement for a firm that sells goods to retail customers.
Add subtotals where necessary. The items are salaries expense, administrative; advertising expense; cost of goods sold; depreciation expense, store equipment; depreciation expense, office equipment; interest expense; income taxes expense; sales revenue; sales returns and allowances; salaries expense, sales. L-1
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