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7/10 View Policies Current Attempt in Progress The selected accounts from the Ayayai Corp's accounting records are presented below for the year ended December 31,2022
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View Policies Current Attempt in Progress The selected accounts from the Ayayai Corp's accounting records are presented below for the year ended December 31,2022 : Prepare a multiple-step income statement. Sales Sales Revenue Less v: \begin{tabular}{l} Sales Returns and Allowances \\ Sales Discounts \\ Net Sales \\ Cost of Goods Sold \\ \hline \end{tabular} \( \$ \longdiv { 3 2 8 0 0 } \) Operating Expenses Advertising Expense Depreciation Expense 100000 44000 Salaries and Wages Expense Total Operating Expenses Income From Operations \begin{tabular}{|r|} \hline 100000 \\ \hline 20000 \\ \hline \end{tabular} 12000 Other Revenues and Gains \begin{tabular}{|l|} \hline Interest Revenue \\ Rent Revenue \\ \hline \end{tabular} Other Expenses and Losses Other Revenues and Gains Interest Revenue 24000 Rent Revenue \begin{tabular}{r|c|} \hline 19200 & \\ \hline \end{tabular} Other Expenses and Losses Interest Expense Income before income Taxes Income Tax Expense eTextbook and Media List of Accounts Step by Step Solution
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