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can someone help? 0.50 points M6-13 Preparing a Multistep Income Statement [LO 6-5 Sellall Department Stores reported the following amounts in its adjusted trial balance
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0.50 points M6-13 Preparing a Multistep Income Statement [LO 6-5 Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $3,300; Cost of Goods Sold, $27,540, Income Tax Expense, $3,530, Interest Expense, $1,700; Interest Revenue, $220, General Expenses, $3,500, Sales Revenue, $51,000, Sales Discounts, $2,550; Sales Returns and Allowances, $2,295; and Delivery (freight out) Expense, $390. Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Net Sales Cost of Goods SoldStep by Step Solution
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