Current Attempt in Progress

Sunland Ltd$.$ reports under ASPE and has the following account balances: Sales $$1,122,000,$ Cost of Goods Sold $$456,000,$ Salaries

Expense $$264,000,$ Sales Discounts $$8,400,$ Depreciation Expense $$24,000,$ Sales Returns $$9,600,$ Interest Expense $$12,000,$ and

Income Tax Expense $$104,400.$ Prepare a multiple$-$step statement of income for this company with a December $31,2024,$ year end.

SUNLAND LTD$.$

Statement of Income $($Multiple$-$Step$)$Sunland Ltd$.$ raports under ASPE and has the following account balances: Sales $$1,122,000,$ Cost of Goods Sold $$456,000,$ Salariss

Expense $$264,000,$ Sales Discounts $$8,400,$ Depreciation Expense $$24,000,$ Sale Retums $$9,600,$ Interest Expense $$12,000,$ and

Income Tax Expense $$104,400.$ Prepare a multiple$-$stepstatement of income for this company with a December $31,2024,$ year end.

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Netsals

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