E4-2B

LO2 E4-28. Multi-step Income Statement From the following accounts, listed in alphabetical order, prepare a multi-step income statement for Moto Wholesale for the year ended December 31. All accounts have normal balances Selling, peneral, and administrative expenses Cost of goods sold Interest expense $260,000 275,000 10,000 Sales revenue. Income tax expense $580,000 6,000