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10 Dints eBook ! Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice
10 Dints eBook ! Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Print References Sales returns Utilities expense Inventory (July 1, 2021) Income tax expense Sales revenue Interest income $12,500 $63,800 1,700 2,100 1,200 Cost of goods sold 28,100 3,000 Rent expense 5,500 4,800 Interest expense 500 Inventory (July 31, 2021) 1,200 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021.
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