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200,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. BE22.9 (LO 4), AP Kaspar Industries expects credit sales for January,

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200,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. BE22.9 (LO 4), AP Kaspar Industries expects credit sales for January, February, and March to be Prep $220,000, $260,000, and $300,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from custom- ers for each month. BE22.10 (LO S) AD

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