Empresas Olmedo (the same as exercise 1) also needs you to correctly prepare your Statement of Income and Expenses in multiple steps format.

2. Empresas Olmedo (la misma del ejercicio 1) tambin necesita que usted prepare correctamente su Estado de Ingresos y Gastos en formato "multiple steps". Cuenta Net sales Cost of goods sold Selling and administrative expenses Other income Other expenses Income taxes on continuing operations Income from discontinued operations Income taxes on discontinued operations Balance $ 20,853 9,024 6,772 1,776 1.972 350 500 163